Education Assistance Corporation, a South Dakota Corporation v. Lauro F. Cavazos, Secretary of Education of the United States

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• 1990 opinion explaining that under the regulations a reserve fund includes \gifts or grants from other sources\ used for Loan Program functions
• “Whether a contractual right against the United States constitutes a vested property right for fifth amendment purposes depends on whether Congress reserved power to alter the terms of the contract”
• “A guaranty agency’s ‘reserve fund’ is entirely a creature of federal regulation.... Because of the extensive federal regulation of [the guaranty agency’s] reserve fund, we hold that [the guaranty agency] has no ownership interest in its reserve fund.... ”

Source: CourtListener parenthetical corpus (CC0).