(12) collect or authorize the trustee under any trust indenture securing any bonds to collect amounts due under any loan obligations owned by it, including taking the action required to obtain payment of any sums in default; (13) unless restricted under any agreement with holders of bonds, consent to any modification with respect to the rate of interest, time, and payment of any installment of principal or interest, or any other term of any loan obligations owned by it; (14) borrow money through the issuance of bonds and other forms of indebtedness as provided in this chapter; (15) expend funds to obtain accounting, management, legal, financial consulting, and other professional services necessary to the operations of the authority; (16) expend funds credited to the authority as the board determines necessary for the costs of administering the operations of the authority; (17) establish advisory committees as the board determines appropriate, which may include individuals from the private sector with banking and financial expertise; (18) procure insurance against losses in connection with its property, assets, or activities including insurance against liability for its acts or the acts of its employees or agents or to establish cash reserves to enable it to act as a selfinsurer against any and all such losses; (19) collect fees and charges in connection with its loans or other financial assistance; (20) apply for, receive and accept from any source, aid, grants, and contributions of money, property, labor, or other things of value to be used to carry out the purposes of this chapter subject to the conditions upon which the aid, grants, or contributions are made; (21) enter into contracts or agreements for the servicing and processing of financial agreements; and (22) do all other things necessary or convenient to exercise powers granted or reasonably implied by this chapter. (B) The authority is subject to the provisions of Article 1, Chapter 23 of Title 1, the Administrative Procedures Act. Section 115070. The following sources may be used to capitalize the Rural Infrastructure Fund and for the authority to carry out its purposes: (1) state general fund appropriations made by the General Assembly;
(12) collect or authorize the trustee under any trust indenture securing any bonds to collect amounts due under any loan obligations owned by it, including taking the action required to obtain payment of any sums in default; (13) unless restricted under any agreement with holders of bonds, consent to any modification with respect to the rate of interest, time, and payment of any installment of principal or interest, or any other term of any loan obligations owned by it; (14) borrow money through the issuance of bonds and other forms of indebtedness as provided in this chapter; (15) expend funds to obtain accounting, management, legal, financial consulting, and other professional services necessary to the operations of the authority; (16) expend funds credited to the authority as the board determines necessary for the costs of administering the operations of the authority; (17) establish advisory committees as the board determines appropriate, which may include individuals from the private sector with banking and financial expertise; (18) procure insurance against losses in connection with its property, assets, or activities including insurance against liability for its acts or the acts of its employees or agents or to establish cash reserves to enable it to act as a selfinsurer against any and all such losses; (19) collect fees and charges in connection with its loans or other financial assistance; (20) apply for, receive and accept from any source, aid, grants, and contributions of money, property, labor, or other things of value to be used to carry out the purposes of this chapter subject to the conditions upon which the aid, grants, or contributions are made; (21) enter into contracts or agreements for the servicing and processing of financial agreements; and (22) do all other things necessary or convenient to exercise powers granted or reasonably implied by this chapter. (B) The authority is subject to the provisions of Article 1, Chapter 23 of Title 1, the Administrative Procedures Act. Section 115070. The following sources may be used to capitalize the Rural Infrastructure Fund and for the authority to carry out its purposes: (1) state general fund appropriations made by the General Assembly;
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