12E.8 GENERAL POWERS.
1. The authority has all the general powers necessary to carry
out its purposes and duties and to exercise its specific powers,
including but not limited to all of the following powers:
a. The power to issue its bonds and to enter into other
funding options as provided in this chapter.
b. The power to have perpetual succession as a public
instrumentality and agency of the state, until dissolved in
accordance with this chapter.
c. The power to sue and be sued in its own name.
d. The power to make and execute agreements, contracts, and
other instruments, with any public or private person, in accordance
with this chapter.
e. The power to hire and compensate legal counsel,
notwithstanding chapter 13.
f. The power to hire investment advisors and other persons as
necessary to fulfill its purpose.
g. The power to invest or deposit moneys of or held by the
authority in any manner determined by the authority, notwithstanding
chapter 12B or 12C.
h. The power to procure insurance, other credit enhancements,
and other financing arrangements, and to execute instruments and
contracts and to enter into agreements convenient or necessary to
facilitate financing arrangements of the authority and to fulfill the
purposes of the authority under this chapter, including but not
limited to such arrangements, instruments, contracts, and agreements
as municipal bond insurance, liquidity facilities, interest rate
agreements, and letters of credit.
i. The power to accept appropriations, gifts, grants, loans,
or other aid from public or private entities.
j. The power to adopt rules, consistent with this chapter and
in accordance with chapter 17A, as the board determines necessary.
k. The power to acquire, own, hold, administer, and dispose
of property.
l. The power to determine, in connection with the issuance of
bonds, and subject to the sales agreement, the terms and other
details of financing, and the method of implementation of the program
plan.
m. The power to perform any act not inconsistent with federal
or state law necessary to carry out the purposes of the authority.
2. The authority is exempt from the requirements of chapter 8A,
subchapter III.
12E.8 GENERAL POWERS.
1. The authority has all the general powers necessary to carry
out its purposes and duties and to exercise its specific powers,
including but not limited to all of the following powers:
a. The power to issue its bonds and to enter into other
funding options as provided in this chapter.
b. The power to have perpetual succession as a public
instrumentality and agency of the state, until dissolved in
accordance with this chapter.
c. The power to sue and be sued in its own name.
d. The power to make and execute agreements, contracts, and
other instruments, with any public or private person, in accordance
with this chapter.
e. The power to hire and compensate legal counsel,
notwithstanding chapter 13.
f. The power to hire investment advisors and other persons as
necessary to fulfill its purpose.
g. The power to invest or deposit moneys of or held by the
authority in any manner determined by the authority, notwithstanding
chapter 12B or 12C.
h. The power to procure insurance, other credit enhancements,
and other financing arrangements, and to execute instruments and
contracts and to enter into agreements convenient or necessary to
facilitate financing arrangements of the authority and to fulfill the
purposes of the authority under this chapter, including but not
limited to such arrangements, instruments, contracts, and agreements
as municipal bond insurance, liquidity facilities, interest rate
agreements, and letters of credit.
i. The power to accept appropriations, gifts, grants, loans,
or other aid from public or private entities.
j. The power to adopt rules, consistent with this chapter and
in accordance with chapter 17A, as the board determines necessary.
k. The power to acquire, own, hold, administer, and dispose
of property.
l. The power to determine, in connection with the issuance of
bonds, and subject to the sales agreement, the terms and other
details of financing, and the method of implementation of the program
plan.
m. The power to perform any act not inconsistent with federal
or state law necessary to carry out the purposes of the authority.
2. The authority is exempt from the requirements of chapter 8A,
subchapter III.
12E.8 GENERAL POWERS.
1. The authority has all the general powers necessary to carry
out its purposes and duties and to exercise its specific powers,
including but not limited to all of the following powers:
a. The power to issue its bonds and to enter into other
funding options as provided in this chapter.
b. The power to have perpetual succession as a public
instrumentality and agency of the state, until dissolved in
accordance with this chapter.
c. The power to sue and be sued in its own name.
d. The power to make and execute agreements, contracts, and
other instruments, with any public or private person, in accordance
with this chapter.
e. The power to hire and compensate legal counsel,
notwithstanding chapter 13.
f. The power to hire investment advisors and other persons as
necessary to fulfill its purpose.
g. The power to invest or deposit moneys of or held by the
authority in any manner determined by the authority, notwithstanding
chapter 12B or 12C.
h. The power to procure insurance, other credit enhancements,
and other financing arrangements, and to execute instruments and
contracts and to enter into agreements convenient or necessary to
facilitate financing arrangements of the authority and to fulfill the
purposes of the authority under this chapter, including but not
limited to such arrangements, instruments, contracts, and agreements
as municipal bond insurance, liquidity facilities, interest rate
agreements, and letters of credit.
i. The power to accept appropriations, gifts, grants, loans,
or other aid from public or private entities.
j. The power to adopt rules, consistent with this chapter and
in accordance with chapter 17A, as the board determines necessary.
k. The power to acquire, own, hold, administer, and dispose
of property.
l. The power to determine, in connection with the issuance of
bonds, and subject to the sales agreement, the terms and other
details of financing, and the method of implementation of the program
plan.
m. The power to perform any act not inconsistent with federal
or state law necessary to carry out the purposes of the authority.
2. The authority is exempt from the requirements of chapter 8A,
subchapter III.
