85-1755 Nebraska Health Education Assistance Loan Program; authority; powers. - Nebraska Statutes

85-1755. Nebraska Health Education Assistance Loan Program; authority; powers.The authority may:(1) Make loans;(2) Participate in the financing of loans;(3) Purchase or participate in the purchase of loans;(4) Sell or participate in the sale of loans;(5) Collect and pay reasonable fees and charges in connection with the exercise of the powers provided in subdivisions (1) through (4) of this section;(6) Do all things necessary and convenient to carry out the purposes of sections 85-1754 to 85-1759 in connection with the administering and servicing of loans, including contracting with any person, firm, or other body, public or private;(7) Enter into any agreements necessary to effect the guarantee, insuring, administering, or servicing of loans;(8) Adopt and promulgate rules and regulations governing and establish standards for participation in the program created by section 85-1754, and establish other administrative procedures consistent with Public Law 94-484; and(9) Exercise all powers incidental to or necessary for the performance of the powers authorized by this section. SourceLaws 1983, LB 159, § 8; R.S.1943, (1994), § 79-2955; Laws 1995, LB 5, § 55.