Sec. 481.453. POWERS OF BANK IN ADMINISTERING MICRO-BUSINESS RECOVERY FUND. In administering the fund, the bank has the powers necessary to carry out the purposes of this subchapter, 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 bank's discretion in obligations determined proper by the bank, and select and use depositories for its money; (3) employ personnel and counsel and pay those persons from money in the fund legally available for that purpose; and (4) impose and collect fees and charges in connection with any transaction and provide for reasonable penalties for delinquent payment of fees or charges.
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