§ 4592. Supplementary powers
The Bank, in addition to any other powers granted in this chapter, has the following
powers:
(1) In connection with any loan to a governmental unit, to consider the need, desirability,
or eligibility of the loan, the ability of the governmental unit to secure borrowed
money from other sources and the costs thereof, and the particular public improvement
or purpose to be financed by the municipal bonds or revenue bonds to be purchased
by the Bank.
(2) To charge for its costs and services in review or consideration of any proposed loan
to a governmental unit or purchase of municipal bonds or revenue bonds of a governmental
unit, and to charge therefor whether or not the loan is made or the municipal bonds
or revenue bonds are purchased.
(3) To establish any terms and provisions with respect to any loan to governmental units
through the purchase of municipal bonds or revenue bonds by the Bank, including date
and maturities of the bonds, provisions as to redemption or payment prior to maturity,
and any other matters that are necessary, desirable, or advisable in the judgment
of the Bank.
(4) To conduct examinations and hearings and to hear testimony and take proof, under oath
or affirmation, at public or private hearings, on any matter material for its information
and necessary to carry out this chapter.
(5) To issue subpoenas requiring the attendance of witnesses and the production of books
and papers pertinent to any hearing before the Bank, or before one or more of the
directors of the Bank appointed by it to conduct the hearing.
(6) To apply to any court, having territorial jurisdiction of the offense, to have punished
for contempt any witness who refuses to obey a subpoena, or who refuses to be sworn
or affirmed to testify, or who is guilty of any contempt after summons to appear.
(7) To procure insurance against any losses in connection with its property, operations,
or assets in such amounts and from such insurers as it deems desirable.
(8) To the extent permitted under its contracts with the holders of bonds or notes of
the Bank, to consent to any modification of the rate of interest, time, and payment
of any installment of principal or interest, security, or any other term of bond or
note, contract, or agreement of any kind to which the Bank is a party.
(9) To issue its bonds or notes that are secured by neither the Reserve Fund nor the Revenue
Bond Reserve Fund, but which may be secured by such other funds and accounts as may
be authorized by the Bank from time to time.
(10) To issue bonds, other forms of indebtedness, or other financing obligations or arrangements
for projects relating to renewable energy, energy efficiency, climate adaptation,
and projects that otherwise result in the reduction of greenhouse gas emissions. (Added 1969, No. 216 (Adj. Sess.), § 3, eff. March 27, 1970; amended 1987, No. 55, §§ 10, 11, eff. May 15, 1987; 2009, No. 45, § 15k, eff. May 27, 2009; 2023, No. 72, § 27, eff. June 19, 2023.)