### Question
What does designated bonding authority mean?


### Answer
**Designated bonding authority** has the following meaning in *20 U.S.C. § 1066a*:

> the private, for-profit corporation selected by the Secretary pursuant to section 1066d(1) of this title for the purpose of issuing taxable capital project construction bonds in furtherance of the purposes of this part

#### Citation:
  - *20 U.S.C. § 1066a*
  - Heading: **CHAPTER 28-HIGHER EDUCATION RESOURCES AND STUDENT ASSISTANCE > SUBCHAPTER III-INSTITUTIONAL AID > Part D-Historically Black College and University Capital Financing**

