If the Superintendent of Public Instruction administers the Higher Education Student Loan Program, the Superintendent shall:

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1.  Certify to the State Controller all withdrawals for purposes of the Program. The State Controller shall then issue a warrant to the State Treasurer in the amount of the certification. The State Treasurer shall disburse that amount in accordance with the warrant.

2.  Use the money received for the Higher Education Student Loan Program for that Program.

3.  Establish and maintain such records for the Program as are required by good accounting practices.