Section 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.Tex. Gov't. Code § 481.453
Added by Acts 2021, Texas Acts of the 87th Leg. - Regular Session, ch. 1004,Sec. 1, eff. 6/18/2021.