2021 Iowa Code
Title VII - EDUCATION AND CULTURAL AFFAIRS
Chapter 261A - HIGHER EDUCATION LOAN AUTHORITY (PRIVATE INSTITUTIONS)
Section 261A.49 - Bondholders — pledge — agreement of the state.
261A.49 Bondholders — pledge — agreement of the state.
The state pledges to and agrees with the holders of any obligations issued under this subchapter, and with those parties who enter into contracts with the authority pursuant to this subchapter, that the state will not limit or alter the rights vested in the authority until the obligations, together with the interest on the obligations, are fully met and discharged and the contracts are fully performed on the part of the authority, except that this section does not preclude the limitation or alteration if and when adequate provision is made by law for the protection of the rights of the holders of the obligations of the authority or those entering into contracts with the authority.
85 Acts, ch 210, §19; 2017 Acts, ch 54, §76
