§ 62-702. Eligibility for loans - Criteria and standards - Rules and regulations - Interest rates - Expense of administration.

Section 702.  The Oklahoma State Regents for Higher Education shall develop standards and criteria for an institutions' eligibility for loans, promulgate such rules and regulations as appropriate for the prudent, effective and businesslike operation of the loan fund, establish interest rates as considered appropriate for loans made from the fund, and pay the expense of administration from the fund.  Any institution obtaining a loan shall be ineligible for the issuance of any further revenue bonds for any purpose until the loan has been repaid in full.

Laws 1978, c. 125, § 2.