The authority shall serve as administrator for any issuance pursuant to sections 360.111 to 360.118 . The authority, the commissioner of education and the state treasurer shall be authorized to take all actions with regard to a school district or public community college which has a direct deposit agreement under sections 360.111 to 360.118 as such persons are authorized to take such actions with respect to a participating district under subsection 6 of section 360.106 .
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