261A.3 - LEGISLATIVE FINDINGS.

        261A.3  LEGISLATIVE FINDINGS.
         The general assembly finds as follows:
         1.  The establishment of the authority is in all respects for the
      benefit of the people of the state of Iowa, for the improvement of
      their education, health and welfare, and for the promotion of the
      economy, which are public purposes.
         2.  The authority will be performing an essential governmental
      function in the exercise of the powers and duties conferred upon it
      by this chapter.
         3.  There exists a serious problem in this state regarding the
      ability of students to obtain financing for the cost of education
      beyond the high school level.
         4.  Escalating costs of securing such an education have
      contributed to the difficulties faced by students in attempting to
      finance an education.
         5.  Without public action as contemplated by this chapter, many
      students will be forced to postpone or abandon plans for obtaining
      additional education.
         6.  It is in the interests and welfare of the citizens of the
      state to provide a means for assisting students to continue their
      education.
         7.  Without public action as contemplated by this chapter, the
      inability to obtain educational financing will result in declining
      enrollments at institutions of higher education.
         8.  It is necessary to create a higher education loan authority to
      encourage the investment of private capital in the provision of funds
      for the financing of student loans.
         9.  All of the purposes stated in this section are public purposes
      and uses for which public moneys may be borrowed, expended, advanced,
      loaned, or granted.  
         Section History: Early Form
         [82 Acts, ch 1031, § 3]
         Referred to in § 261A.24