1. (a) The authority may do the following:

   1. (1) Employ:

      1. (A) fiscal consultants;
      2. (B) engineers;
      3. (C) bond counsel;
      4. (D) other special counsel;
      5. (E) accountants; and

      6. (F) any other consultants, employees, and agents;

         that the authority considers necessary to carry out the purposes of this chapter.

   2. (2) Fix and pay the compensation of those persons employed in subdivision (1) from money:

      1. (A) available in the fund or supplemental fund; or
      2. (B) otherwise made available for the program or the supplemental program.

   3. (3) Enter into memoranda of understanding with the department and the budget agency concerning the administration and management of the following:

      1. (A) The fund.
      2. (B) The program.
      3. (C) The supplemental fund.
      4. (D) The supplemental program.
   4. (4) Provide services to a participant in connection with a loan or other financial assistance, including advisory and other services.
2. (b) Notwithstanding any other law, the authority, program, or fund, or any person or agent acting on behalf of the authority or program, is not liable in damages or otherwise to any participant or party seeking to be a participant for any act or omission in connection with a loan or other financial assistance, or any application, service, or other undertaking, allowed by or taken under this chapter.

3. (c) No direction given by or service or other undertaking allowed or taken under this chapter by the authority is a defense for or otherwise excuses any act or omission of a participant otherwise required or imposed by law upon a participant.

   [Pre-1996 Recodification Citation: 4-23-21-6.3.]

As added by P.L.1-1996, SEC.8. Amended by P.L.126-1997, SEC.11; P.L.235-2005, SEC.134.