Pennsylvania Statutes Title 24 P.S. Education § 5105.10. Educational Loan Assistance Fund

There is hereby created a fund within the State Treasury to be known as the Educational Loan Assistance Fund. The fund shall be a continuing fund in which may be deposited moneys received from repayments of principal on loans from the fund and payments of interest and other fees and charges with respect to loans made pursuant to this act, insurance premiums and charges assessed and collected by the agency on loans made from the fund, appropriations made to the fund by the General Assembly, proceeds of the sale of notes, bonds or other indebtedness to the extent and in the manner provided in the resolution of the board authorizing issuance thereof, other moneys received from any other source for the purpose of the fund, and moneys received from the Federal Government for the purposes of the fund or this act. Except as otherwise provided for in any contract with the bondholders, all appropriations and payments made into the fund are hereby appropriated to the board and may be applied and reapplied as the board shall direct and shall not be subject to lapsing.