March 22, 2019
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The Florida Statutes

The 2010 Florida Statutes(including Special Session A)

Title XLVIII
K-20 EDUCATION CODE
Chapter 1009
EDUCATIONAL SCHOLARSHIPS, FEES, AND FINANCIAL ASSISTANCE
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F.S. 1009.9965
1009.9965 Moneys, endowments, properties; acquisition, deposit, and guarantees.Each authority is authorized to establish specific guidelines relating to the deposits of moneys, endowments, or properties by institutions which moneys, endowments, or properties would provide prudent security for education loan funding programs, authority loans, education loans, or obligations; and it may establish guidelines relating to guarantees of, or contracts to purchase, education loans or obligations by such institutions, financial institutions, or others. A default reserve fund may be established for each series or issue of obligations. In this regard, the authority is empowered to receive such moneys, endowments, properties, and guarantees as it deems appropriate and, if necessary, to take title in the name of the authority or in the name of a participating institution or a trustee, subject, however, to the limitations applicable to public participating institutions set forth in s. 1009.994(8).
History.s. 501, ch. 2002-387.
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