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Powers of board - 32 Pa. Cons. Stat. § 7505

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     § 7505.  Powers of board.
        The board shall have the power:
            (1)  To make and alter bylaws for the management of its
        affairs.
            (2)  To enter into contracts of all kinds and to execute
        all instruments necessary or convenient for carrying out its
        operations.
            (3)  To accept grants, subsidies and loans from and enter
        into agreements or other transactions with any Federal or
        Commonwealth agency.
            (4)  To be a party to any action in any court concerning
        matters affecting the board, except that no provisions of
        this chapter shall constitute a waiver of sovereign immunity
        except as provided in Chapter 85 of Title 42 (relating to
        matters affecting government units).
            (5)  To make loans for the repair, construction,
        reconstruction, rehabilitation, extension and improvement of
        community water supply systems and for the repair,
        reconstruction or rehabilitation of flood control facilities,
        dams and port facilities in accordance with the provisions of
        this chapter.
            (6)  To adopt administrative procedures relating to the
        processing of loan applications necessary for implementing
        the provisions of this chapter.
            (7)  To cooperate with Federal, Commonwealth and local
        agencies and interstate river basin commissions in order to
        accomplish the purposes of this chapter as expeditiously as
        possible.
            (8)  To acquire or take title by foreclosure to any real
        or personal property which has been pledged as security for a
        loan granted by the board, and which has been defaulted, and
        to operate or dispose of the property in accordance with
        section 7517 (relating to supervision of project and security
        from default). All costs arising out of the foreclosure,
        acquisition or operation shall be paid from the Water
        Facilities Loan Fund. All proceeds or revenues resulting from
        foreclosure, acquisition or operation of the property shall
        be deposited in the Water Facilities Loan Fund. All proceeds
        or revenues resulting from the sale, lease or disposal of the
        property shall be deposited in the Water Facilities Loan
        Redemption Fund for the purchase or retirement of bonds and
        payment of interest and premium if any.
            (9)  To make reimbursement to the department or to any
        agency of the Commonwealth for administrative expenses
        incurred in the provision of services in connection with the
        performance of duties under this chapter.
            (10)  To adopt and, from time to time, amend and repeal
        rules and regulations to carry out the provisions of this
        chapter.
            (11)  To do all other things necessary and convenient to
        carry out the purposes and provisions of this chapter.

Last modified: November 27, 2007