The secretary of the Department of Education may enter into agreements to implement the provisions of the federally insured student loan program for higher education under the provisions of the Higher Education Act of 1965, Title IV-B as amended by entering into contracts with authorized nonprofit private institutions or organizations as may be designated by the Governor.

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Source: SL 1966, ch 210, § 2; SL 1978, ch 130, § 1; SL 2003, ch 272, § 63.