The bank is authorized to:
- (a) Approve new corporations recommended by the program manager.
- (b) Enter into contracts with corporations for program management and other financial product-related services.
- (c) Select a financial institution or financial company to act as trustee of the trust fund as specified in this chapter.
- (d) Invest expansion fund and trust fund moneys as specified in this chapter.
- (e) Affirm, modify, or rescind the determinations of the program manager and the executive director as specified in this chapter.
- (f) Adopt directives and requirements as specified in this chapter.
- (g) Authorize new financial product programs and activities pursuant to this chapter.