[§211D-2]  Powers of department in
administering the capital access program.  In administering the program,
the department shall have all the powers necessary to carry out the purposes of
this chapter, including the power to:



(1)  Make, execute, and deliver contracts,
conveyances, and other instruments necessary to the exercise of its powers;



(2)  Invest money at the department's discretion in
obligations determined proper by the department, and select and use
depositories for its money;



(3)  Employ personnel and counsel and pay the persons
from money in the fund legally available for that purpose; and



(4)  Impose and collect fees and charges in connection
with any transaction and provide for reasonable penalties for delinquent
payment of fees or charges. [L 2000, c 290, pt of §2]