37-106-15 - Administration of chapter.
§ 37-106-15. Administration of chapter.
The earned interest paid into the post-secondary education assistance fund as provided in Section 37-106-13 shall be utilized to finance the cost of administration of this chapter. All remaining interest after payment of such administrative expenses shall be utilized to provide additional loans.
Sources: Laws, 1975, ch. 507, § 6(2); Laws, 1976, ch. 346, eff from and after passage (approved April 14, 1976).