There is created a separate trust fund designated the South Dakota health education loan repayment fund consisting of all revenues with respect to HEAL loans funded under this chapter. The authority may pledge revenues received or to be received by the fund to secure bonds, notes or other obligations issued under § 1-16A-67. The authority may create sub-funds or accounts within the repayment fund created under this section as the authority deems necessary or advisable.
S.D. Codified Laws § 1-16A-70
Health education assistance loan program--Repayment fund created
Known as the South Dakota Health and Educational Facilities Authority Act
The act spans §§ 1-16A-1 to 1-16A-99 (121 sections).
Source: SL 1982, ch 10, § 9.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.