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338
LAWS OF MISSOURI, 1981
of infprming students pf educaticnal and career cppprtunities available in the military.
Approved June 15, 1981.
IH. B. 326]
EDUCATION AND LIBRARIES: Student loan program.
AN ACT to repeal sections 173.100, 173.105, 173.110, 173.160, 173.170, 173.181, 173.182,
173.183,173.184,173.185 and 173.190, RSMo 1978, relating to the student loan program,
and to enact in lieu thereof twenty-six new sections relating to the same subject.
SECTION SECTION
1. Enacting clause. 173.390.
173.100. Definitions.
173.105. Board and department duties—required federal reports, submitted to
whom—rules, promulgation, sus- 173.395.
pension, reinstatement.
173.110. Department may guarantee student
loans—subrogation—charges for 173.400.
guaranty—defaults, how paid-
amount guaranteed, limit. 173.405.
173.141. Authorized actions of the board.
173.160. Standards of eligibility for loans.
173.170. Standards of eligibility of loan a- 173.410.
greements—discrimination prohibited.
173.350. Citation of law. 173.415.
173.355. Definitions.
173.360. Higher education loan authority,
created—members, selection pro- 173.420.
cedure, qualifications—terms—vacancy—removal procedure.
173.365. Quorum—affirmative vote require- 173.425.
ment—meetings open to public-
notice—expenses.
173.370. Organizational meeting—officers— 173.435.
secretary, appointment, duties,
compensation, executive director, 173.440.
appointment, compensation. 173.445.
173.375. Bond requirements for members of
authority—filed where.
173.380. Conflict of interest, procedure to 173.450.
avoid.
173.385. Authority, powers and duties.
Bond issues—types authorized-
rates—option to call for redemption
before maturity, requirements—
sale—price—cost.
Issuance of more than one series of
bonds, requirements—refunding
authorized.
Bonds construed to be negotiable
instruments.
Principal and interest how secured
—resolution or trust agreement,
content—default, remedies.
State or political subdivision not
liable, statement on face of bond required.
Tax exemptions, income and property of authority—bonds exempt
from certain provisions.
Authority may borrow for expenses—loans to be repaid—powers
of authority, how construed.
Bond proceeds not part of revenue—
exclusive control of authority—student loan notes not public property.
Institutions and fiduciaries may invest in bonds.
Tax exemptions, bonds—exception.
Authority assigned to Department
of Higher Education—reports required.
Purpose of bond issue, not obligation of state or political subdivisions—tax exemption—loans made
when.
Be it enacted by the General Assembly of the State of Missouri, as follows:
Section 1. Enacting clause.—Sections 173.100, 173.105, 173.110, 173.160, 173.170,
173.181,173.182,173.183,173.184,173.185 and 173.190, RSMo 1978, are repealed and twenty-
six new sections enacted in lieu thereof, to be known as sections 173.100,173.105,173.110,
173.141, 173.160, 173.170, 173.350,173.355, 173.360, 173.365,173.370, 173.375,173.380,173.385,
173.390, 173.395, 173.400, 173.405, 173.410, 173.415, 173.420, 173.425, 173.435, 173.440, 173.445
and 173.450, to read as follows:
173.100
mean:
(1)
(2)
(3)
Definitions.—As used in sections 173.095 to 173.180 the following terms
"Board", the Missouri coordinating board for higher education;
"Department", the Missouri department of higher education;
"Eligible borrower", any person attending pr the parent pf a dependent
undergraduate attending an eligible institution in Missouri, or a Missouri resident or the
parent of a dependent undergraduate Missouri resident attending any eligible institution;
(4) "Eligible institution", any institution of postsecondary education, including a
university, college, vocational and technical school, and other postsecondary institution,
which has been approved for purposes of participation in the Missouri guaranteed
student loan program by the department and the United States Commissioner of
Object Description
Description
| Title | Missouri Session Laws |
| Identifier | LAWS_81st_1981_0340.TIF |
| Collection Name | Missouri Session Laws, 1824-present |
| Creator | Missouri. General Assembly |
| Subject.LCSH | Banks and banking--Missouri; Law and legislation--Missouri; Missouri--Appropriations and expenditures; Missouri. General Assembly; Revenue--Missouri; |
| Subject.Local | Laws of Missouri; Session Laws (Mo.) |
| Date.Digital | 2016-01-21 |
| Publisher | Missouri. General Assembly |
| Publisher.Digital | Missouri State Archives |
| Type | Government and political records |
| Format | JPEG2000 |
| Language | eng |
| Coverage | Missouri |
| Source | Missouri State Archives |
| Rights | Copyright is in the public domain. |
| Preferred Citation | Required citation: Laws of Missouri, (number) General Assembly, (number) and (type, Regular, Special, Extra) Session, Calendar Year, page number; State Documents Collections, Missouri State Archives, Jefferson City. |
| Contributing Institution | Missouri State Archives |
| Copy Request | Email: archref@sos.mo.gov |
| Transcript | 338 LAWS OF MISSOURI, 1981 of infprming students pf educaticnal and career cppprtunities available in the military. Approved June 15, 1981. IH. B. 326] EDUCATION AND LIBRARIES: Student loan program. AN ACT to repeal sections 173.100, 173.105, 173.110, 173.160, 173.170, 173.181, 173.182, 173.183,173.184,173.185 and 173.190, RSMo 1978, relating to the student loan program, and to enact in lieu thereof twenty-six new sections relating to the same subject. SECTION SECTION 1. Enacting clause. 173.390. 173.100. Definitions. 173.105. Board and department duties—required federal reports, submitted to whom—rules, promulgation, sus- 173.395. pension, reinstatement. 173.110. Department may guarantee student loans—subrogation—charges for 173.400. guaranty—defaults, how paid- amount guaranteed, limit. 173.405. 173.141. Authorized actions of the board. 173.160. Standards of eligibility for loans. 173.170. Standards of eligibility of loan a- 173.410. greements—discrimination prohibited. 173.350. Citation of law. 173.415. 173.355. Definitions. 173.360. Higher education loan authority, created—members, selection pro- 173.420. cedure, qualifications—terms—vacancy—removal procedure. 173.365. Quorum—affirmative vote require- 173.425. ment—meetings open to public- notice—expenses. 173.370. Organizational meeting—officers— 173.435. secretary, appointment, duties, compensation, executive director, 173.440. appointment, compensation. 173.445. 173.375. Bond requirements for members of authority—filed where. 173.380. Conflict of interest, procedure to 173.450. avoid. 173.385. Authority, powers and duties. Bond issues—types authorized- rates—option to call for redemption before maturity, requirements— sale—price—cost. Issuance of more than one series of bonds, requirements—refunding authorized. Bonds construed to be negotiable instruments. Principal and interest how secured —resolution or trust agreement, content—default, remedies. State or political subdivision not liable, statement on face of bond required. Tax exemptions, income and property of authority—bonds exempt from certain provisions. Authority may borrow for expenses—loans to be repaid—powers of authority, how construed. Bond proceeds not part of revenue— exclusive control of authority—student loan notes not public property. Institutions and fiduciaries may invest in bonds. Tax exemptions, bonds—exception. Authority assigned to Department of Higher Education—reports required. Purpose of bond issue, not obligation of state or political subdivisions—tax exemption—loans made when. Be it enacted by the General Assembly of the State of Missouri, as follows: Section 1. Enacting clause.—Sections 173.100, 173.105, 173.110, 173.160, 173.170, 173.181,173.182,173.183,173.184,173.185 and 173.190, RSMo 1978, are repealed and twenty- six new sections enacted in lieu thereof, to be known as sections 173.100,173.105,173.110, 173.141, 173.160, 173.170, 173.350,173.355, 173.360, 173.365,173.370, 173.375,173.380,173.385, 173.390, 173.395, 173.400, 173.405, 173.410, 173.415, 173.420, 173.425, 173.435, 173.440, 173.445 and 173.450, to read as follows: 173.100 mean: (1) (2) (3) Definitions.—As used in sections 173.095 to 173.180 the following terms "Board", the Missouri coordinating board for higher education; "Department", the Missouri department of higher education; "Eligible borrower", any person attending pr the parent pf a dependent undergraduate attending an eligible institution in Missouri, or a Missouri resident or the parent of a dependent undergraduate Missouri resident attending any eligible institution; (4) "Eligible institution", any institution of postsecondary education, including a university, college, vocational and technical school, and other postsecondary institution, which has been approved for purposes of participation in the Missouri guaranteed student loan program by the department and the United States Commissioner of |
