Title 14 — Education
85 chapters · 592 sections in this title.
14 Del. C. § 9201. Legislative findings; declaration of purpose; construction of chapter.
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§ 9201. Legislative findings; declaration of purpose; construction of chapter. (a) The General Assembly makes the following findings: (1) For the benefit of the people of the State, the conduct and increase of their commerce, the protection and enhancement of their welfare, the d…
14 Del. C. § 9202. Definitions.
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§ 9202. Definitions. Unless the context clearly requires otherwise, in this chapter the following words have the meanings indicated: (1) “Authority” means the Delaware Higher Education Supplemental Loan Authority. (2) “Authority loans” means loans by the Authority to institutions…
14 Del. C. § 9203. Established; composition; term of office; vacancies; officers; compensation.
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§ 9203. Established; composition; term of office; vacancies; officers; compensation. (a) There is hereby established the Delaware Higher Education Supplemental Loan Authority. The Authority is constituted a public instrumentality and the exercise by the Authority of the powers co…
14 Del. C. § 9204. Executive Director; General Counsel; quorum; power to issue bonds.
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§ 9204. Executive Director; General Counsel; quorum; power to issue bonds. (a) (1) The Authority may appoint an Executive Director and a General Counsel, and any other officers, none of whom may be members of the Authority. (2) The Executive Director shall: a. Serve at the pleasu…
14 Del. C. § 9205. Powers and duties.
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§ 9205. Powers and duties. (a) (1) In addition to any other powers granted or duties imposed upon it, the Authority has the powers and duties set forth in this section. (2) The Authority shall adopt any rule or regulation necessary to carry out its powers and duties. (b) The Auth…
14 Del. C. § 9206. Use of refunding bond proceeds.
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§ 9206. Use of refunding bond proceeds. (a) Whenever refunding bonds are issued to refund bonds, the proceeds of which were used to make Authority loans, the Authority may reduce the amount it is owed by the institutions which had received Authority loans from the proceeds of the…
14 Del. C. § 9207. Loan funding deposits.
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§ 9207. Loan funding deposits. (a) (1) The Authority shall establish guidelines relating to: a. The deposits of certain moneys, endowments or properties by institutions so as to provide reasonable security for education loan funding programs, Authority loans, education loans or f…
14 Del. C. § 9208. Bonds.
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§ 9208. Bonds. (a) (1) The Authority shall at any time and from time to time issue bonds for any corporate purpose. (2) The bonds of each issue shall be payable solely out of revenues of the Authority, including, without limitation: a. Principal and interest on Authority loans an…
14 Del. C. § 9209. Trust agreement.
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§ 9209. Trust agreement. (a) Any bonds issued under this chapter may be secured by a trust agreement by and between the Authority, a participating institution and a corporate trustee or trustees, which may be any trust company or bank having the powers of a trust company within o…
14 Del. C. § 9210. Fees for services; pledge of revenues as security.
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§ 9210. Fees for services; pledge of revenues as security. (a) (1) The Authority shall fix, revise, charge and collect fees and charges for its services and operations and may contract with any person in connection therewith without supervision or regulation by any unit of state …
14 Del. C. § 9211. Enforcement of rights and duties by bondholder.
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§ 9211. Enforcement of rights and duties by bondholder. Except to the extent that their rights are restricted by any applicable bond resolution or trust agreement, any holder of bonds issued under this chapter or a trustee under a trust agreement entered into under this chapter m…
14 Del. C. § 9212. Refunding bonds.
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§ 9212. Refunding bonds. (a) (1) The Authority may issue bonds to refund any bonds of the Authority then outstanding, including the payment of any redemption premium and any interest accrued or to accrue to the earliest or any subsequent date of redemption, purchase or maturity o…
14 Del. C. § 9213. Permissible investments.
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§ 9213. Permissible investments. (a) Except as otherwise provided in this chapter, the Authority may invest funds in: (1) Direct obligations of the United States; (2) Obligations as to which the timely payment of principal and interest is fully guaranteed by the United States; (3…
14 Del. C. § 9214. Legal investments in bonds.
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§ 9214. Legal investments in bonds. All banks, bankers, trust companies, savings banks and institutions, building, savings and loan associations, investment companies, insurance companies and associations, and all executors, administrators, guardians, trustees and other fiduciari…
14 Del. C. § 9215. Accounts; annual report; audit.
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§ 9215. Accounts; annual report; audit. (a) The Authority shall keep full and accurate accounts of its activities and operations and shall annually in the month of January make a report to the Governor, the Controller General, the Speaker of the House of Representatives, the Pres…
14 Del. C. § 9216. Chapter additional and supplemental to other laws; permissible rate of interest.
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§ 9216. Chapter additional and supplemental to other laws; permissible rate of interest. (a) This chapter provides a complete, additional and alternative method for the doing of the things authorized and shall be regarded as supplemental and additional to, and the limitations imp…
14 Del. C. § 9217. Tax exemption.
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§ 9217. Tax exemption. The Authority shall not be required to pay any taxes or assessments of any kind whatsoever and its bond, their transfer, the interest payable on them, and any income derived from them, including any profit realized in their sale or exchange, shall be exempt…
14 Del. C. § 9218. Termination of Authority.
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§ 9218. Termination of Authority. The Authority in its corporate existence shall continue until terminated by law but no law terminating its existence shall take effect as long as any bonds of the Authority are outstanding and unpaid without adequate provision for payment having …
14 Del. C. § 9219. Basic salary schedule for Plan A employees.
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§ 9219. Basic salary schedule for Plan A employees. (a) Salaries paid to Delaware Technical and Community College Salary Plan A employees shall, upon full implementation, be based on the following index schedule: DELAWARE TECHNICAL AND COMMUNITY COLLEGE INDEX SCHEDULE FOR PLAN A …