The Iowa higher education loan authority is created as a body politic and corporate. The authority is a public instrumentality and the exercise by the authority of the powers conferred by this chapter is the performance of an essential public function. The authority is attached to the college student aid commission for organizational and administrative purposes.
[82 Acts, ch 1031, §5]
86 Acts, ch 1245, §1455; 90 Acts, ch 1253, §122; 2024 Acts, ch 1043, §78