Massachusetts Educational Financing Authority Authorization

SECTION 54.   Section 6 of chapter 23H of the General Laws, as inserted by section 571 of chapter 26 of the acts of 2003, is hereby amended by inserting after subsection (c) the following new subsection:-

(d) The Massachusetts Educational Financing Authority is hereby authorized to provide direct loans upon guarantee consistent with its mandate and to act as an application and loan servicing agent for any funds made available to it from other sources both public and private in order to fund loans coordinated through the one-stop career centers for training providers and programs outside its mandate.