| 1.__Issuance; purpose; payment; authorization; interim |
receipts or certificates.__The authority may issue bonds for the |
purposes of this chapter, including, except as otherwise provided |
by section 11493, subsection 2, financing eligible loans, which |
may include consolidation loans funding the payment of eligible |
loans to borrowers of eligible loans financed by the authority, |
financing loans to eligible lenders to fund the origination of |
eligible loans and acquiring existing portfolios of eligible |
loans from eligible lenders.__The bonds of each issue must be |
authorized by the authority and be payable only from such sources |
specified in__the agreement with bondholders, which may include, |
without limitation, payments on or with respect to eligible loans |
from any source, including sale proceeds; reserves established by |
the authority for the bonds; payments pursuant to agreements with |
financial institutions, credit unions, educational institutions |
or any governmental entity; payments pursuant to interest rate |
exchange agreements; investment earnings from funds or accounts |
maintained pursuant to a trust agreement or other document; |
proceeds of refunding bonds; and other fees, charges or revenues |
of the authority. |