All reasonable expenses incurred in carrying out the provisions of this chapter shall be payable by the foundation, the respective qualified educational institutions, or the respective loan corporations, as the case may be, and no liability or obligation shall be incurred by the authority or the business finance authority, as applicable, or any other state agency. Provided however, that the authority and or the business finance authority, may waive fees and incur issuance expenses on behalf of the foundation if approved by board of directors of the business finance authority, or authority, as applicable.
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