Corporation is de jure municipal corporation and political subdivision. Powers of corporation. Powers of corporation as to supplemental student loans. Pledge of assets or revenues of corporation. All moneys received deemed trust funds.
Obligations issued under chapter are negotiable instruments.
Public agencies, political subdivisions and others may invest in the securities issued by the corporation. Issuance of refunding obligations. Exemption from personal liability. Chapter deemed supplemental to other laws. Maximum annual loan amount.