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     1-16A-66.   Health education assistance loan program--Powers of authority. The authority may, together with all powers incidental thereto or necessary for the performance thereof:
             (1)      Participate in the financing of HEAL loans;
             (2)      Purchase or participate in the purchase of HEAL loans;
             (3)      Sell or participate in the sale of HEAL loans;
             (4)      Collect and pay reasonable fees and charges in connection with making, purchasing and servicing or causing to be made, purchased or serviced HEAL loans;
             (5)      Do all things necessary and convenient to carry out the purposes of §§ 1-16A-65 to 1-16A-70, inclusive, in connection with the administering and servicing of HEAL loans, including contracting with any person, firm or other body public or private in respect thereof;
             (6)      Enter into agreements necessary to effect the guarantee, administering and servicing of HEAL loans; and
             (7)      Promulgate rules, establish standards for participation in the program administered by the authority under P.L. 94-484, and establish other administrative procedures consistent with P.L. 94-484.

Source: SL 1982, ch 10, § 5.


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