(1) To invest any funds not needed for immediate disbursement, including any funds held in reserve, in one or more of the following:
(a) Obligations of any municipality or the state or the United States of America;
(b) Obligations the principal and interest of which are guaranteed by the state or the United States of America;
(c) Obligations of any corporation wholly owned by the United States of America;
(d) Obligations of any corporation sponsored by the United States of America which are or may become eligible as collateral for advances to member banks as determined by the Board of Governors of the Federal Reserve System;
(e) Certificates or any other evidence of ownership interest in obligations of or obligations unconditionally guaranteed by the United States of America or in specified portions thereof, which may consist of the principal thereof or the interest thereon;
(f) Certificates of deposit or time deposits of qualified depositories of the state as approved by the State Depository Commission, secured in such manner, if any, as the authority shall determine;
(g) Contracts for the purchase and sale of obligations of the type specified in items (a) through (e) above;
(h) Repurchase agreements secured by obligations specified in items (a) through (e) above; or
(i) Money market funds, the assets of which are required to be invested in obligations specified in items (a) through (f) above;
(j) Any investments authorized for the investment of funds of certain hospitals pursuant to Section 27-105-365.
(2) To fix, revise from time to time, charge and collect fees and other charges, as the authority determines to be reasonable, in connection with its loans, leases, sales, advances, insurance, commitments and servicing;
(3) To cooperate with and exchange services, personnel and information with any federal, state or local governmental agency;
(4) To sell, at public or private sale, with or without public bidding, any loan or other obligation held by the authority;
(5) To adopt rules and regulations which enhance the probability that hospital institutions will use for such purposes all bond proceeds which are available to finance hospital equipment and hospital facilities; and
(6) To do any act necessary or convenient to the exercise of the powers granted by this chapter or reasonably implied from it.
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal plans you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with easy access to affordable legal services through a network of independent law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our network law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your network law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal plans, and access to the LegalFix networks of law firms are subject to the LegalFix Terms of Service and Privacy Policy.