1. (a) Except as otherwise provided by state law, by these rules, or by resolution of the board, the staff, with the approval of the commissioner of agriculture, the deputy commissioner of agriculture, or the official of the department designated by the commissioner of agriculture as being responsible for the department's agricultural finance programs shall have the authority to act on behalf of the Authority, without specific board approval, in regard to the collection, settlement, and enforcement of each and every loan guaranteed by the Authority under the program. Such authority shall include, without limitation, the actions required to be taken by the Authority under any loan agreement, any participation agreement, any loan guaranty agreement, and any other agreement entered into by the Authority concerning a loan guaranteed by the Authority under the program.
2. (b) Nothing is this section shall prevent the staff or the commissioner of agriculture, the deputy commissioner, or official of the department designated by the commissioner of agriculture from submitting any matter to the board for its consideration and approval.

Source Note:The provisions of this §28.14 adopted to be effective April 16, 1993, 18 TexReg 2191; amended to be effective January 17, 1994, 19 TexReg 66.