### Question
How is the "designated bonding authority" defined?


### Answer
The term **designated bonding authority** is defined in *20 U.S.C. § 1066a* as follows -

> the private, for-profit corporation selected by the Secretary pursuant to section 1066d(1) of this title for the purpose of issuing taxable 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**

