53B-11-103 - Student loan insurance program -- Board is successor to authority of Coordinating Council -- Maintenance of insurance program.
53B-11-103. Student loan insurance program -- Board is successor to authority ofCoordinating Council -- Maintenance of insurance program.
(1) The board is the agency for the state of Utah that establishes and administers aprogram for the insurance of loans to student residents of this state to attend an eligible institution.
(2) The board is the successor to the rights and obligations of the Utah CoordinatingCouncil of Higher Education in any valid contract entered into under the authority granted to thecouncil by prior law.
(3) The board may use state, federal, and private funds to maintain the Student LoanInsurance Program.
Enacted by Chapter 167, 1987 General Session