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Can you summarize NDCC Section 6-09-48?

The Bank of North Dakota > Funds received in relation to federal student loan program - Administration - Continuing appropriation.

October 3, 2023

Short Summary

The Bank of North Dakota shall administer and manage the funds received in relation to the federal student loan program under section 2212 of the Health Care and Education Reconciliation Act of 2010 [Pub. L. 111-152]. 2. The funds must be used to support the functions of the Bank related to the educational mission of the Bank. 3. The funds received by the Bank under subsection 1 are appropriated on a continuing basis to be used as provided in this section. 4. These funds are not subject to section 54-44.1-11.

Jurisdiction

North Dakota

Source

NDCC Section 6-09-48 [https://reggi.cloud.regology.com/regulations/US-NDCC/US-NDCC_T_6_C_09_S_6_09_48]

Banking

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