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Codified Laws

CHAPTER 13-56

HIGHER EDUCATION LOAN GUARANTY PROGRAM

13-56-1    Agreements for implementation of federally insured student loan program authorized.

13-56-2    Administration of past agreements of Board of Regents.

13-56-3    Acceptance of federal and other funds--Administration of federal program.

13-56-4    Power of minor to contract for student loan.

13-56-5    Public credit not pledged for student loan program.

13-56-6    Records, accounting, and reports--Rules and regulations.

13-56-7    Citation of chapter.

13-56-8    Labor and social services departments to supply address and employer of defaulting debtor.

13-56-9    Recipients ineligible for physician tuition reimbursement program.



13-56-1Agreements for implementation of federally insured student loan program authorized.

The secretary of the Department of Education may enter into agreements to implement the provisions of the federally insured student loan program for higher education under the provisions of the Higher Education Act of 1965, Title IV-B as amended by entering into contracts with authorized nonprofit private institutions or organizations as may be designated by the Governor.

Source: SL 1966, ch 210, § 2; SL 1978, ch 130, § 1; SL 2003, ch 272, § 63.



13-56-2Administration of past agreements of Board of Regents.

Any agreements entered into by the Board of Regents under the authority of this chapter shall be administered by the secretary of the Department of Education and the secretary may terminate the agreements.

Source: SL 1966, ch 210, § 3; SL 1978, ch 130, § 2; SL 2003, ch 272, § 63.



13-56-3Acceptance of federal and other funds--Administration of federal program.

In accordance with chapter 4-8B and § 5-24-12, the secretary of the Department of Education may negotiate and accept federal and other funds appropriated and otherwise made available to implement and administer the provisions of the federally insured student loan program for higher education.

Source: SL 1966, ch 210, § 4; SL 1978, ch 130, § 3; SL 2003, ch 272, § 63.



13-56-4Power of minor to contract for student loan.

Any person otherwise qualified for a loan under the provisions of this chapter, shall not be disqualified by reason of his being a minor but shall be deemed to have full legal capacity to act and shall have all the rights, powers, privileges, and obligations of a person of full age with respect to the planning for, receiving, and repaying such loan.

Source: SL 1966, ch 210, § 7; SL 1972, ch 154, § 4.



13-56-5Public credit not pledged for student loan program.

The credit of the state, or any of its departments or subdivisions, shall never be encumbered or obligated, under the provisions of this chapter, or in any of its operations or applications.

Source: SL 1966, ch 210, § 6; SL 1978, ch 130, § 4.



13-56-6Records, accounting, and reports--Rules and regulations.

The secretary of education shall establish and maintain the records that are necessary and required by good accounting practices and shall require an annual and other reports from the contracting nonprofit private institutions and organizations as the secretary deems necessary. The secretary may pass rules pursuant to chapter 1-26 for the administration of this chapter.

Source: SL 1966, ch 210, § 5; SL 1978, ch 130, § 5; SL 1985, ch 133, § 7; SL 2003, ch 272, § 63.



13-56-7Citation of chapter.

This chapter may be cited as the Higher Education Loan Program Guarantee Act.

Source: SL 1966, ch 210, § 1.



13-56-8Labor and social services departments to supply address and employer of defaulting debtor.

Upon receipt of a certificate from any officer of any agency or corporation guaranteeing or administering any student, parent, or other loan guaranteed or insured by the United States pursuant to the Higher Education Act of 1965, as amended, that a debtor is in default in the repayment of such loans and that such agency or corporation is unable to locate the debtor or identify the debtor's place of employment, the Department of Labor and Regulation may supply to the agency or corporation the last known address of the debtor and the last known name and address of the employer of the debtor.

Source: SL 1983, ch 142; SL 1996, ch 135; SL 2011, ch 1 (Ex. Ord. 11-1), § 33, eff. Apr. 12, 2011.



13-56-9. Recipients ineligible for physician tuition reimbursement program.

Any student receiving a scholarship under the provisions of this chapter is not eligible to participate in a recruitment assistance program as provided by §§ 34-12G-1 to 34-12G-9, inclusive.

Source: SL 1994, ch 147, § 2; SL 2021, ch 175, § 1.