South Dakota Codified Laws 1-16A-66. Health education assistance loan program–Powers of authority
The authority may, together with all powers incidental thereto or necessary for the performance thereof:
(1) Participate in the financing of HEAL loans;
Terms Used In South Dakota Codified Laws 1-16A-66
- Authority: means the South Dakota Health and Educational Facilities Authority created by this chapter. See South Dakota Codified Laws 1-16A-2
- HEAL loans: means loans to finance the graduate education of health professionals, which have been made pursuant to the Federal Health Education Assistance Loan Program created pursuant to P. See South Dakota Codified Laws 1-16A-2
- Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
(2) Purchase or participate in the purchase of HEAL loans;
(3) Sell or participate in the sale of HEAL loans;
(4) Collect and pay reasonable fees and charges in connection with making, purchasing and servicing or causing to be made, purchased or serviced HEAL loans;
(5) Do all things necessary and convenient to carry out the purposes of §§ 1-16A-65 to 1-16A-70, inclusive, in connection with the administering and servicing of HEAL loans, including contracting with any person, firm or other body public or private in respect thereof;
(6) Enter into agreements necessary to effect the guarantee, administering and servicing of HEAL loans; and
(7) Promulgate rules, establish standards for participation in the program administered by the authority under P.L. 94-484, and establish other administrative procedures consistent with P.L. 94-484.
Source: SL 1982, ch 10, § 5.