Section 374-E:6 General Powers.
The bond bank, acting by and through the division, for carrying out the purposes of this chapter, shall have the following powers:
I. To adopt bylaws and rules for the conduct of its affairs and business and for use of its services and facilities;
II. To maintain an office at such place or places within the state as it may determine;
III. To acquire, hold, use, and dispose of its income, revenues, funds, and moneys separate and apart from other income, revenues, funds, and moneys of the bond bank;
IV. To acquire, rent, lease, hold, use, and dispose of other personal property for its purposes;
V. To borrow money and to issue its negotiable bonds or notes, to provide for and secure the payment of such bonds and notes, to provide for the rights of the holders of such bonds and notes, and to purchase, hold, and dispose of any of its bonds or notes;
VI. To fix, revise from time to time, charge, and collect fees and charges for the use of its services or facilities;
VII. To accept gifts or grants of property, funds, money, materials, labor, supplies, or services from the United States of America, the state, any other state, or agencies or departments thereof, or from any municipality, person, firm, or corporation, and to carry out the terms or provisions of or make agreements about any such gifts or grants, and to do any and all things necessary, useful, desirable, or convenient in connection with the procurement, acceptance, or disposition of such gifts or grants;
VIII. To do and perform any acts and things authorized by this chapter under, through, or by means of the bond bank's officers, agents, or employees or by contracts with any person, firm, or corporation;
IX. To make, enter into, and enforce all contracts or agreements necessary, convenient, or desirable for the purposes of the division or pertaining to any loan to a municipality or any purchase or sale of municipal small scale power facility bonds or other investments or to the performance of its duties and execution or carrying out of any of its powers under this chapter;
X. To purchase or hold municipal small scale power facility bonds at such prices and in such manner as it shall deem advisable and to sell them at such prices without relation to cost and in such manner as the division shall deem advisable;
XI. To invest, separate and apart from any other funds or money of the bond bank, all funds or moneys of the division not then required for loan to municipalities and for the purchase of municipal small scale power facility bonds in the same manner as permitted for investment of funds belonging to the state or held in the treasury, except as otherwise permitted or provided by this chapter;
XII. To fix and prescribe any form of application or procedure to be required of a municipality for the purpose of any loan or the purchase of its municipal small scale power facility bonds, and to fix the terms and conditions of and to enter into agreements with municipalities about any such loan or purchase;
XIII. To conduct research and provide advice and technical information about the financing of small scale power facilities by municipalities;
XIV. To do all acts and things necessary, convenient, or desirable to carry out the power expressly granted or necessarily implied in this chapter.
Source. 1981, 545:7, eff. Aug. 29, 1981.