WILLIAM DONALD SCHAEFER, Governor

Ch. 5

(6)  Make Authority loans to institutions and require
that the proceeds of the loans be used for making education loans
and paying related loan costs and fees;

(7)  Make education loans;

(8)  Charge to and apportion among participating
institutions its administrative and operating costs and expenses
incurred in the exercise of its powers and duties; and

(9)  Do all acts and things necessary or convenient to
carry out its corporate purposes and in such manner and upon such
procedure as the Authority may in its discretion from time to
time determine or prescribe.

DRAFTER'S NOTE:

Errors: Title of bill being cured failed to give
notice of a provision authorizing the receipt by
the Higher Education Supplemental Loan Authority
of transfers from the State Reserve Fund.

Occurred: Chapter 735 (House Bill 1308) of the Acts
of 1987.

Noted by: Attorney General, bill review letter of May
11, 1987.

Article - Financial Institutions

5-1101.1.

The provisions of this subtitle which authorize an
out-of-state bank holding company to acquire and hold certain
institutions are only in effect through June 1, 1986. Any
acquisition that was approved under this subtitle before June 1,
1986 remains subject to the terms and conditions that were in
effect before that date, including the authorizations in §
5-1102(c) and (d) of § 5-1102.

DRAFTER'S NOTE:

Error: Function paragraph was omitted from bill being
cured. Correction of the language of this
section also appears in the 1988 Corrective
Bill.

Occurred: Chapter 11 (House Bill 257) of the Acts of
1987.

Noted by: Attorney General, April 3, 1987 memorandum
to the Director of the Department of Legislative
Reference.

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