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. The agency shall have all of the following powers:
(a) To sue and be sued in its own name.
(b) To have an official seal and to alter the same at pleasure.
(c) To have perpetual succession.
(d) To maintain offices at any place or places within the state
which it may designate.
(e) To adopt, and from time to time amend and repeal, by action of
the board, either resolutions, or rules or regulations, not
inconsistent with this part, to carry into effect the powers and
purposes of the agency and the conduct of its business, except where
this part expressly requires the agency to act by rule or regulation.
If the agency acts by rule or regulation, the rule or regulation
shall be adopted, amended, repealed, and published in accordance with
Chapter 3.5 (commencing with Section 11340) of Part 1 of Division 3
of Title 2 of the Government Code.
(f) Notwithstanding any other provision of law, to make and
execute contracts and all other instruments necessary or convenient
for the exercise of its powers and functions under this part with any
governmental agency, private corporation or other entity, or
individual, and to contract with any local public entity for
processing of any aspect of financing housing developments. Contracts
made or executed under the authority of this part shall not be
subject to any applicable provision of law requiring competitive
bidding or the supervision or approval of another division or officer
of state government.
(g) To acquire real or personal property, or any interest therein,
on either a temporary or long-term basis in its own name by gift,
purchase, transfer, foreclosure, a deed in lieu of foreclosure,
lease, option, or otherwise, including easements or other incorporeal
rights in property.
(h) To hold, sell, assign, lease, encumber, mortgage, or otherwise
dispose of any real or personal property or any interest therein; to
hold, sell, assign, or otherwise dispose of any mortgage interest
owned by it, under its control or custody, or in its possession; and,
as applicable, to do any of the acts specified in this subdivision
by public or private sale, with or without public bidding,
notwithstanding any other provision of law.
(i) To release or relinquish any right, title, claim, lien,
interest, easement, or demand however acquired, including any equity
or right of redemption in real property foreclosed by it or acquired
by it by a deed in lieu of foreclosure.
(j) To determine the terms and conditions of any mortgage
instrument, deed of trust, or promissory note used or executed in
conjunction with the financing of any housing development.
(k) To employ architects, engineers, attorneys, accountants,
housing construction and financial experts, and such other advisers,
consultants, and agents as may be necessary in its judgment and to
fix their compensation.
(l) To provide advice, technical information, and consultative and
technical service in connection with the financing of housing
developments pursuant to this part.
(m) Notwithstanding any other provision of law, to insure or
reinsure against any loss in connection with its property and other
assets, including mortgages and mortgage loans, in amounts, in the
manner, and from those insurers as it deems desirable.
(n) To establish, revise from time to time, and charge and collect
fees and charges in connection with loans made or insured by the
agency.
(o) To borrow money and issue bonds, as provided in this part.
(p) To enter agreements and perform acts as are necessary to
obtain and maintain federal housing subsidies for use in connection
with housing developments.
(q) To provide bilingual staff and make available agency
publications in a language, other than English, where necessary to
effectively serve all groups for which those services or publications
are made available.
(r) To require any individual, corporation, or other legal entity
operating, managing, or providing maintenance services for a housing
development or a residential structure to maintain a current
certificate of qualification developed and approved by the agency.
(s) To do any and all things necessary to carry out its purposes
and exercise the powers expressly granted by this part.