The Higher Education Act (HEA) of 1965, as amended provides the statutory authority for the issuance of bonds and the Advisory board.

The link below provides the program statute:

• Title III, Part D of the Higher Education Act of 1965, as amended

• Education Department General Administrative Regulations (EDGAR)

The program is governed by an agreement between the Department of Education and the Designated Bonding Authority (DBA).

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