Statutes > Iowa Statutes > Title 7 - Education and Cultural Affairs > Subtitle 3 - Higher Education > CHAPTER 261 - COLLEGE STUDENT AID COMMISSION > 261.39 - TRANSFER OF FUNDS AND ASSETS.

261.39 - TRANSFER OF FUNDS AND ASSETS.

        261.39  TRANSFER OF FUNDS AND ASSETS.
         All moneys which are to be refunded to the state under the
      contract with United Student Aid Funds, Incorporated, involving the
      Iowa guaranteed student loan program in effect prior to July 1, 1978,
      shall be refunded to the commission and shall be credited to the loan
      reserve account except those funds which must be repaid to the United
      States government.
         All assets and liabilities of the student loan program established
      pursuant to sections 261.5 to 261.8, Code 1977, and existing on July
      1, 1978, are assets and liabilities of the Iowa guaranteed loan
      program established pursuant to this chapter.
         Section History: Early Form
         [C79, 81, § 261.39]
         Section History: Recent Form
         89 Acts, ch 300, § 26; 90 Acts, ch 1168, § 38