The legislature shall annually appropriate sufficient funds to pay those eligible claims resulting from the guarantee of student loans by the board under this Chapter, but only to the extent that anticipated federal reinsurance or reimbursement payments pursuant to 20 U.S.C. §1071 et seq., and any other monies available to the board for such purpose are insufficient to pay such claims.
La. R.S. 17:3024.2
Appropriation for guaranteed student loan program
Known as the Equal Opportunity Education Assistance Act
The act spans §§ 17–17 (92 sections).
Added by Acts 1982, No. 529, §1, eff
Official source: Louisiana State Legislature. Reproduced from public-domain Louisiana statutes; confirm against the official source for the current text. Not legal advice.