HRS §309-1
State can join student loan guarantee programs
This section lets the state's budget and finance department sign contracts with certain nonprofit groups that help with student loans. The department can also change those contracts to make sure the state gets all the benefits from federal student loan laws.
state agencies
The statute, as written — Participation in United Student Aid Funds, Inc. or other similar public or private nonprofit corporations
The department of budget and finance is hereby authorized to enter into a contract with the United Student Aid Funds, Inc., or such other public or private nonprofit corporations as may be designated by or established pursuant to Public Law 89-329, Public Law 89-287 or similar federal laws, relating to loans to students. Such contract may be amended or revised by the department to assure the full utilization of benefits provided by Public Law 89-329 and Public Law 89-287 and similar federal laws.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.