There is created a separate trust fund designated the South Dakota health education loan repayment fund consisting of all revenues with respect to HEAL loans funded under this chapter. The authority may pledge revenues received or to be received by the fund to secure bonds, notes or other obligations issued under § 1-16A-67. The authority may create sub–funds or accounts within the repayment fund created under this section as the authority deems necessary or advisable.

Terms Used In South Dakota Codified Laws 1-16A-70

  • 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

Source: SL 1982, ch 10, § 9.

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