§201G-15 Administration of federal programs. (a) The corporation may carry out federal programs designated to be carried out by a housing finance entity, housing development entity, public housing agency, or entity designated by the corporation.

(b) The corporation shall adopt necessary rules in accordance with chapter 91, including the establishment and collection of reasonable fees for administering the program, to carry out any federal program in subsection (a).

(c) All fees collected for administering the program may be deposited into an appropriate special fund of the corporation, and may be used to cover the administrative expenses of the corporation. [L 1997, c 350, pt of §2; am L 1998, c 212, §10]