[§211D-2]  Powers of department inadministering the capital access program.  In administering the program,the department shall have all the powers necessary to carry out the purposes ofthis 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 inobligations determined proper by the department, and select and usedepositories for its money;

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

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