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.