1-16A-66. Health education assistance loan program--Powers of authority.
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/sd/title-1/chapter-1-16/1-16a-66A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The authority may, together with all powers incidental thereto or necessary for the performance thereof:
(1)Participate in the financing of HEAL loans;
(2)Purchase or participate in the purchase of HEAL loans;
(3)Sell or participate in the sale of HEAL loans;
(4)Collect and pay reasonable fees and charges in connection with making, purchasing and servicing or causing to be made, purchased or serviced HEAL loans;
(5)Do all things necessary and convenient to carry out the purposes of §§ 1-16A-65 to 1-16A-70 , inclusive, in connection with the administering and servicing of HEAL loans, including contracting with any person, firm or other body public or private in respect thereof;
(6)Enter into agreements necessary to effect the guarantee, administering and servicing of HEAL loans; and
(7)Promulgate rules, establish standards for participation in the program administered by the authority under P.L. 94-484, and establish other administrative procedures consistent with P.L. 94-484.