The Administrator shall be authorized to:
1. Use the services of other governmental agencies and public trusts which are necessary to carry out the provisions of this act;
2. Contract for and accept, for use in carrying out the provisions of this program, loans and grants from the federal government and any of its agencies and instrumentalities and from public trusts;
3. Acquire, manage, operate, dispose of, or otherwise deal with property, take assignments of rentals and leases, and make contracts, leases, agreements and arrangements that are necessary or incidental to the performance of his duties;
4. Prescribe or approve the form of and terms and conditions in applications, guarantee agreements or any other documents entered into by the Administrator, principals or sureties in connection with the program;
5. Acquire or take assignments of documents executed, obtained or delivered in connection with any assistance provided under this program; and
6. Fix, determine, charge and collect any premiums and fees pursuant to rules promulgated by the Director of the Office of Management and Enterprise Services.
Added by Laws 1990, c. 236, § 3, eff. July 1, 1991. Amended by Laws 1992, c. 197, § 1, eff. Sept. 1, 1992; Laws 2012, c. 304, § 769.