MWC Loan Language (language only)

Item 197 #2h

Language
Page 158, after line 6, insert:
"Notwithstanding the provisions of § 4-5.01 b.5.b) of this act, Mary Washington College is hereby authorized to transfer the balance of its discontinued student loan funds to an endowment fund established by the College to be used for scholarships for full- and part-time students pursuing graduate degrees in the field of education."

Explanation
(This amendment allows Mary Washington College to transfer student loan funds from a discontinued program to an endowment for scholarships for graduate students in education.)