§ 5-567. Powers of Authority -- Program

Latest version.

   The Authority may:

   (1) prescribe or approve the form of and terms and conditions in applications, guaranty agreements, or any other documents entered into by the Authority, principals, or sureties under the Program;

   (2) acquire or take assignments of documents executed, obtained, or delivered in connection with any assistance the Authority provides under the Program;

   (3) set and collect premiums, fees, charges, costs, and expenses in connection with any assistance the Authority provides under the Program;

   (4) adopt regulations to carry out the Program; and

   (5) do anything necessary or convenient to carry out its powers and the purposes of the Program.

HISTORY: An. Code 1957, art. 83A, § 5-1033(4)-(8); 2008, ch. 306, § 2.

                    
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