reglab/housing_qa huggingface dataset:
14 DE Code § 9202. (2021)
2021 Delaware Code|Title 14 - Education|Chapter 92. Delaware Higher Education Supplemental Loan Authority|§ 9202. Definitions.

§ 9202. Definitions. Unless the context clearly requires otherwise, in this chapter the following words have the meanings indicated:  (1) “Authority” means the Delaware Higher Education Supplemental Loan Authority. (2) “Authority loans” means loans by the Authority to institutions of higher education for the purpose of funding education loans. (3) “Bond resolution” means the resolution or resolutions of the Authority and the trust agreement, if any, authorizing the issuance of and providing for the terms and conditions applicable to bonds. (4) “Bonds” means bonds, notes or other evidences of obligation of the Authority issued under this chapter including, without limitation, bond or revenue anticipation notes, notes in the nature of commercial paper and refunding bonds. (5) “Borrower” means a student who has received an education loan or any parent who has received or agreed to pay an education loan. (6) “Costs of attendance” means the tuition and fees applicable to a student, together with the institution's estimate of other expenses reasonably related to cost of attendance at that institution including, without limitation, the cost of room and board, transportation, books and supplies. (7) “Default insurance” means insurance insuring education loans, Authority loans or bonds against default. (8) “Default reserve fund” means a fund established under a bond resolution for the purpose of securing education loans, Authority loans or bonds. (9) “Education loan” means a loan which is made by an institution to a student or to parents of a student, or both, in amounts not in excess of the maximum amounts specified by the Authority to finance a part or all of the cost of the student's attendance at that institution. (10) “Education loan series portfolio” means all education loans made by a specific institution which are funded from the proceeds of an Authority loan to the institution of higher education out of the proceeds of a related specific bond issue through the Authority. (11) “Institution” means any public or private nonprofit educational institution situated within this State which:  a. Provides a program of education beyond the high school level; b. Awards an associate's, bachelor's or advanced degree; c. Is accredited by the Commission on Higher Education of the Middle States Association of Colleges and Schools or by a national accrediting association or group recognized by the Council on Postsecondary Accreditation. (12) “Loan funding deposit” means moneys or other property deposited by an institution with the Authority or a trustee, in amounts the Authority determines necessary as a condition for an institution's participation in the Authority's programs to:  a. Provide security for bonds; b. Fund a default reserve fund; c. Acquire default insurance; or d. Defray costs of the Authority. (13) “Parent” means any parent or guardian of a student at an institution of higher education.63 Del. Laws, c. 378, §  1;
14 DE Code § 9203. (2021)
2021 Delaware Code|Title 14 - Education|Chapter 92. Delaware Higher Education Supplemental Loan Authority|§ 9203. Established; composition; term of office; vacancies; officers; compensation.

§ 9203. Established; composition; term of office; vacancies; officers; compensation. (a) There is hereby established the Delaware Higher Education Supplemental Loan Authority. The Authority is constituted a public instrumentality and the exercise by the Authority of the powers conferred by this chapter is the performance of an essential public function. The Authority shall consist of 9 members appointed by the Governor. Each member shall be a resident of the State. (1) Two members shall be trustees, directors, officers or employees of institutions of higher education, at least 1 of whom is from an institution not owned or operated by the State. (2) Two members shall have had the experience in the field of state and municipal finance, either as a partner, officer or employee of an investment banking firm which originates and purchases state and municipal securities, or as an officer or employee of an insurance company or bank whose duties relate to the purchase of state and municipal securities as an investment and to the management and control of a state and municipal securities portfolio, and who are not trustees, directors, officers or employees of an institution of higher education. (3) One member shall have had experience in higher education finance. (4) Two members shall have had experience with student financial aid. (5) One member shall be the State Treasurer, ex officio, or the state designee. (6) One member shall be the Secretary of Finance, ex officio, or the Secretary of Finance's designee. (7) Two members shall be appointed from the public at large. (b) (1) Of the members of the Authority first appointed, 3 shall serve for terms expiring on June 30, 1983, 1984 and 1985, respectively, and until a successor is appointed and qualifies. On the expiration of the term of any member a successor shall be appointed for a term of 3 years and serve until a successor is appointed and qualifies. (2) The Governor shall appoint a qualified person to fill any vacancy. (3) A member appointed to fill a vacancy in an unexpired term serves only for the remainder of that term and until a successor is appointed and qualifies. (4) Any member may be removed by the Governor for misfeasance, malfeasance or wilful neglect of duty or other cause after notice. (c) (1) Each year the Authority shall elect from among its members:  a. A Chair; b. A Vice-Chair; and c. Any other officers it requires. (2) Each member of the Authority:  a. Serves without compensation; and b. Is entitled to reimbursement for expenses in accordance with the standard state travel regulations.63 Del. Laws, c. 378, §  1;  70 Del. Laws, c. 186, §  1;
14 DE Code § 9204. (2021)
2021 Delaware Code|Title 14 - Education|Chapter 92. Delaware Higher Education Supplemental Loan Authority|§ 9204. Executive Director; General Counsel; quorum; power to issue bonds.

§ 9204. Executive Director; General Counsel; quorum; power to issue bonds. (a) (1) The Authority may appoint an Executive Director and a General Counsel, and any other officers, none of whom may be members of the Authority. (2) The Executive Director shall:  a. Serve at the pleasure of the Authority; and b. Receive compensation as fixed by the Authority. (3) The Executive Director or other person designated by resolution of the Authority:  a. Shall keep a record of the proceedings of the Authority; b. Shall be custodian of all books, documents and papers filed with the Authority, the minute book or journal of the Authority and its official seal; and c. May cause copies to be made of all minutes and other records and documents of the Authority and may give certificates under the official seal of the Authority to the effect that the copies are true copies, and all persons dealing with the Authority may rely upon the certificates. (b) (1) Six members of the Authority shall constitute a quorum. (2) The affirmative vote of a majority of the members present, and not less than 5 votes, is necessary for any action taken by the Authority. (c) (1) A vacancy in the membership of the Authority may not impair the right of a quorum to exercise all the rights and perform all the duties of the Authority. (2) Any action taken by the Authority under this chapter may be authorized by resolution at any regular or special meeting and may take effect immediately and need not be published. (d) (1) The Authority may issue bonds for the purpose of making Authority loans to institutions participating in a program of the Authority for the purpose of providing education loans. (2) Bonds issued under this section shall be obligations of the Delaware Higher Education Supplemental Loan Authority only, and not of the State. The Authority may not offer bonds for sale, nor issue any bonds, to which it has pledged the moral obligation of the State. (e) (1) Bonds issued under this chapter shall state on the face of each bond that they represent and constitute an obligation of the Authority only, and do not constitute either a debt of the State within the meaning of the Constitution or laws of the State or a pledge of the faith and credit of the State. (2) The bonds may not grant to the owners or holders any right to have the Authority or the General Assembly levy any taxes or appropriate any funds for the payment of principal or interest.63 Del. Laws, c. 378, §  1;
14 DE Code § 9206. (2021)
2021 Delaware Code|Title 14 - Education|Chapter 92. Delaware Higher Education Supplemental Loan Authority|§ 9206. Use of refunding bond proceeds.

§ 9206. Use of refunding bond proceeds. (a) Whenever refunding bonds are issued to refund bonds, the proceeds of which were used to make Authority loans, the Authority may reduce the amount it is owed by the institutions which had received Authority loans from the proceeds of the refunded bonds. (b) The institutions may use this reduced amount to reduce the amount of interest being paid on education loans which the institutions had made pursuant to the Authority loans from the proceeds of the refunded bonds. (c) All expenses incurred in carrying out this section shall be payable solely from funds provided under the authority of this section and, except as otherwise provided, no liability shall be incurred by the Authority beyond the extent to which moneys shall have been provided under this section. 63 Del. Laws, c. 378, §  1;
14 DE Code § 9207. (2021)
2021 Delaware Code|Title 14 - Education|Chapter 92. Delaware Higher Education Supplemental Loan Authority|§ 9207. Loan funding deposits.

§ 9207. Loan funding deposits. (a) (1) The Authority shall establish guidelines relating to:  a. The deposits of certain moneys, endowments or properties by institutions so as to provide reasonable security for education loan funding programs, Authority loans, education loans or for bonds; and b. Guarantees of or contracts to purchase education loans or bonds by the institutions or by financial institutions or others. (2) A default reserve fund may be established for any series or issue of bonds. (b) (1) The Authority may receive moneys, endowments, properties and guarantees as it determines appropriate and, if necessary, take title in the name of the Authority or in the name of a participating institution or a trustee. (2) When the principal of and interest on bonds of the Authority issued to finance the cost of any education loan financing program or programs, including any refunding bonds issued to refund or refinance any bonds, have been fully paid and retired or when adequate provision has been made to fully pay and retire the bonds, and all other conditions of the bond resolution authorizing the bonds have been satisfied and the lien created by the bond resolution has been released, the Authority shall promptly do the things and execute the deeds and conveyances necessary and required to convey any remaining moneys, properties and other assets comprising loan funding deposits to the participating institutions in proportion to the amounts furnished by the respective institutions.63 Del. Laws, c. 378, §  1;
14 DE Code § 9209. (2021)
2021 Delaware Code|Title 14 - Education|Chapter 92. Delaware Higher Education Supplemental Loan Authority|§ 9209. Trust agreement.

§ 9209. Trust agreement. (a) Any bonds issued under this chapter may be secured by a trust agreement by and between the Authority, a participating institution and a corporate trustee or trustees, which may be any trust company or bank having the powers of a trust company within or without the State. (b) Any trust agreement or bond resolution may:  (1) Pledge or assign any revenues to be received by the Authority or proceeds or benefits of any contract and may serve to convey or mortgage or otherwise secure any property or property rights; (2) Contain provisions for protecting and enforcing the rights and remedies of bondholders; (3) Restrict the individual right of action by bondholders; and (4) Contain such other provisions as the Authority deems appropriate. (c) Any expense incurred in carrying out the trust agreement may be treated as a part of the cost of the operation of an education loan program. 63 Del. Laws, c. 378, §  1;
14 DE Code § 9210. (2021)
2021 Delaware Code|Title 14 - Education|Chapter 92. Delaware Higher Education Supplemental Loan Authority|§ 9210. Fees for services; pledge of revenues as security.

§ 9210. Fees for services; pledge of revenues as security. (a) (1) The Authority shall fix, revise, charge and collect fees and charges for its services and operations and may contract with any person in connection therewith without supervision or regulation by any unit of state government. (2) Any agreement entered into by the Authority with an institution shall provide that the fees and other amounts payable by the institution with respect to any program of the Authority shall be sufficient at all times:  a. To pay its share of the administrative costs and expenses of the Authority; b. To pay when due the principal of and the interest on its share of outstanding bonds of the Authority issued in respect of the program and the redemption price or purchase price of any bonds to be retired by call or purchase, to the extent that other revenues of the Authority pledged for the payment of the bonds may not be sufficient for that purpose; c. To create and maintain reserves which may, but need not, be required or provided for in a bond resolution; and d. To establish and maintain whatever education loan servicing, control or audit procedures are appropriate to the prudent operations of the Authority. (b) (1) A pledge by the Authority of revenues as security for an issue of bonds shall be valid and binding from the time when the pledge is made. (2) The revenues pledged shall immediately be subject to the lien of the pledge without any physical delivery or further act, and the lien of any pledge shall be valid and binding against any person having any claim of any kind in tort, contract or otherwise against the Authority or any participating institution, irrespective of whether the person has notice. (3) No bond resolution, trust agreement or financing statement, continuation statement or other instrument adopted or entered into by the Authority need be filed or recorded in any public record other than the records of the Authority in order to perfect the lien against third persons, regardless of any contrary provision of public law. (c) (1) All moneys received by or on behalf of the Authority under this chapter, whether as proceeds from the sale of bonds or as revenues, shall be deemed to be trust funds to be held and applied solely as provided in this chapter. (2) Any officer with whom, or any bank or trust company with which, such moneys are deposited shall act as trustee of the moneys and shall hold and apply them for the purposes provided in the chapter and any applicable bond resolution or trust agreement.63 Del. Laws, c. 378, §  1;
14 DE Code § 9211. (2021)
2021 Delaware Code|Title 14 - Education|Chapter 92. Delaware Higher Education Supplemental Loan Authority|§ 9211. Enforcement of rights and duties by bondholder.

§ 9211. Enforcement of rights and duties by bondholder. Except to the extent that their rights are restricted by any applicable bond resolution or trust agreement, any holder of bonds issued under this chapter or a trustee under a trust agreement entered into under this chapter may, by any suitable form of legal proceedings, protect and enforce any rights granted under the laws of Delaware or by any applicable bond resolution or trust agreement. 63 Del. Laws, c. 378, §  1;
14 DE Code § 9212. (2021)
2021 Delaware Code|Title 14 - Education|Chapter 92. Delaware Higher Education Supplemental Loan Authority|§ 9212. Refunding bonds.

§ 9212. Refunding bonds. (a) (1) The Authority may issue bonds to refund any bonds of the Authority then outstanding, including the payment of any redemption premium and any interest accrued or to accrue to the earliest or any subsequent date of redemption, purchase or maturity of the bonds. Refunding bonds may be issued for the public purposes of realizing savings in the effective costs of debt service, directly or through a debt restructuring, for alleviating impending or actual default and may be issued in 1 or more series in an amount in excess of that of the bonds to be refunded. (2) The proceeds of any bonds issued for the purpose of refunding outstanding bonds may be applied to the purchase or retirement at maturity or redemption of outstanding bonds either on their earliest or any subsequent redemption date or upon the purchase or at the maturity thereof and may, pending application, be placed in escrow to be applied to the purchase or retirement at maturity or redemption on a date determined by the Authority. (b) (1) Any escrowed proceeds, pending use, may be invested and reinvested in direct obligations of the United States of America, maturing at a time or times appropriate to assure the prompt payment of the principal of and interest and redemption premium, if any, on the outstanding bonds to be refunded. (2) The interest, income and profits, if any, earned or realized on any investment may also be applied to the payment of the outstanding bonds to be refunded. (3) After the terms of the escrow have been fully satisfied and carried out, any balance of proceeds and interest, income and profits, if any, earned or realized on the investments shall be returned to the institution for use by it in any lawful manner. (c) Refunding bonds shall be subject to this chapter in the same manner and to the same extent as other bonds issued under this chapter. 63 Del. Laws, c. 378, §  1;
14 DE Code § 9213. (2021)
2021 Delaware Code|Title 14 - Education|Chapter 92. Delaware Higher Education Supplemental Loan Authority|§ 9213. Permissible investments.

§ 9213. Permissible investments. (a) Except as otherwise provided in this chapter, the Authority may invest funds in:  (1) Direct obligations of the United States; (2) Obligations as to which the timely payment of principal and interest is fully guaranteed by the United States; (3) Obligations of the federal intermediate credit banks, federal banks for cooperatives, federal land banks, federal home loan banks, federal national mortgage association and the government national mortgage association; (4) Certificates of deposit or time deposits constituting direct obligations of any bank as defined by the laws of this State. However, investments may be made only in those certificates of deposit or time deposits in banks which are insured by the Federal Deposit Insurance Corporation or its successor if then in existence; and (5) Withdrawable capital accounts or deposits of state or federal chartered savings and loan associations which are insured by the Federal Savings and Loan Insurance Corporation. (b) Securities may be purchased at such time and at such prices as the Authority determines. 63 Del. Laws, c. 378, §  1;
14 DE Code § 9214. (2021)
2021 Delaware Code|Title 14 - Education|Chapter 92. Delaware Higher Education Supplemental Loan Authority|§ 9214. Legal investments in bonds.

§ 9214. Legal investments in bonds. All banks, bankers, trust companies, savings banks and institutions, building, savings and loan associations, investment companies, insurance companies and associations, and all executors, administrators, guardians, trustees and other fiduciaries may legally invest any sinking funds, moneys or other funds belonging to them or within their control in any bonds issued under this chapter. 63 Del. Laws, c. 378, §  1;
14 DE Code § 9215. (2021)
2021 Delaware Code|Title 14 - Education|Chapter 92. Delaware Higher Education Supplemental Loan Authority|§ 9215. Accounts; annual report; audit.

§ 9215. Accounts; annual report; audit. (a) The Authority shall keep full and accurate accounts of its activities and operations and shall annually in the month of January make a report to the Governor, the Controller General, the Speaker of the House of Representatives, the President Pro Tempore of the Senate and the Secretary of Finance. (b) The report shall cover the preceding fiscal year and shall include a complete operating and financial statement for that year and a summary of the residences of the recipients of education loans. The Authority shall cause an audit of its books and accounts to be made at least once each year by independent certified public accountants, and the cost thereof shall be paid by the Authority from funds available to it pursuant to this chapter. 63 Del. Laws, c. 378, §  1;
14 DE Code § 9216. (2021)
2021 Delaware Code|Title 14 - Education|Chapter 92. Delaware Higher Education Supplemental Loan Authority|§ 9216. Chapter additional and supplemental to other laws; permissible rate of interest.

§ 9216. Chapter additional and supplemental to other laws; permissible rate of interest. (a) This chapter provides a complete, additional and alternative method for the doing of the things authorized and shall be regarded as supplemental and additional to, and the limitations imposed by this chapter do not limit or otherwise affect powers or rights conferred by, other laws, and the issuance of bonds and refunding bonds under this chapter need not comply with the requirements of any other law applicable to the issuance of bonds. (b) (1) Notwithstanding any other provision of law or charter, institutions may borrow money from the Authority, make education loans and take all other actions and do those things necessary or convenient to consummate the transactions contemplated under this chapter. (2) The Authority may establish, contract for, charge and collect any amount or rate of interest or compensation with respect to Authority loans and participating institutions may contract for, charge and collect any amount or rate of interest or compensation with respect to education loans.63 Del. Laws, c. 378, §  1;
14 DE Code § 9217. (2021)
2021 Delaware Code|Title 14 - Education|Chapter 92. Delaware Higher Education Supplemental Loan Authority|§ 9217. Tax exemption.

§ 9217. Tax exemption. The Authority shall not be required to pay any taxes or assessments of any kind whatsoever and its bond, their transfer, the interest payable on them, and any income derived from them, including any profit realized in their sale or exchange, shall be exempt at all times from every kind and nature of taxation by this State or by any of its political subdivisions, municipal corporations or public agencies of any kind. 63 Del. Laws, c. 378, §  1;
14 DE Code § 9218. (2021)
2021 Delaware Code|Title 14 - Education|Chapter 92. Delaware Higher Education Supplemental Loan Authority|§ 9218. Termination of Authority.

§ 9218. Termination of Authority. The Authority in its corporate existence shall continue until terminated by law but no law terminating its existence shall take effect as long as any bonds of the Authority are outstanding and unpaid without adequate provision for payment having been made. Upon termination of its existence, all rights, privileges and property of the Authority shall pass to and be vested in the State. 63 Del. Laws, c. 378, §  1;
14 DE Code § 9301. (2021)
2021 Delaware Code|Title 14 - Education|Chapter 93. Anti-Hazing Law|§ 9301. Short title.

§ 9301. Short title. This chapter shall be known and may be cited as the “Anti-Hazing Law.” 68 Del. Laws, c. 400, §  1;