District of Columbia Code Division I. Government of District. § 1-307.01. District of Columbia student loan insurance program.

(1) To establish a student loan insurance program which meets the requirements of this part for a State loan insurance program in order to enter into agreements with the Commissioner for the purposes of this title;

(2) To enter into such agreements with the Commissioner;

(3) To use amounts appropriated for the purposes of this section to establish a fund for such purposes and for expenses in connection therewith;

(4) To accept and use donations for the purposes of this section; and

(5) To establish a student loan program for District of Columbia residents which shall be funded in whole or in part through the proceeds of Industrial Revenue Bonds and to enter into agreements with other entities for the purpose of managing, regulating, and overseeing such a program.