[§211D-2] Powers of department in administering the capital access program. In administering the program, the department shall have all the powers necessary to carry out the purposes of this chapter, including the power to:
(1) Make, execute, and deliver contracts, conveyances, and other instruments necessary to the exercise of its powers;
(2) Invest money at the department's discretion in obligations determined proper by the department, and select and use depositories for its money;
(3) Employ personnel and counsel and pay the persons from money in the fund legally available for that purpose; and
(4) Impose and collect fees and charges in connection with any transaction and provide for reasonable penalties for delinquent payment of fees or charges. [L 2000, c 290, pt of §2]
Section: Previous 211d-1 211d-2 211d-3 211d-4 211d-5 211d-6 211d-7 211d-8 211d-9 211d-10 211d-11 211d-12 NextLast modified: October 27, 2016