Kansas Statutes Chapter 74. State Boards, Commissions and Authorities § 74-32,252. Higher education loan program for students and parents of students; administration by nonprofit corporation; revenue bonds and interest exempt from taxation

(1) “Higher education loan program” means a program which is provided for the purpose of making loans available to students and to parents of students and which is operated under applicable federal loan programs established pursuant to the provisions of the Higher Education Act of 1965, as amended; and

(2) “qualified nonprofit corporation” means a nonprofit corporation organized under the laws of the state of Kansas which is approved as the single nonprofit corporation providing a statewide higher education loan program and which is authorized to issue obligations which are exempt from federal income taxation.