Authority to contract and make rules

In addition to any other powers authorized by law, the authority may: (1) Contract with any community development financial institution for services, including servicing or administering loans pursuant to this part; and (2) Adopt rules pursuant to chapter 91 to effectuate this chapter, including but not limited to rules relating to: (A) Determinations of any other maintenance or repairs that qualify for financing or refinancing under this chapter; (B) The establishment of interest rates chargeable by the authority for direct loans under this part and by the participating community development financial institutions for loans under part II; (C) The establishment of restrictions on the terms, maturities, collateral, and other requirements not inconsistent with this part; (D) Procedures for validating a qualified condominium association's compliance with the obligation to increase its replacement reserves balance; (E) Determinations of eligibility of a community development financial institution to participate in the condominium loan loss reserves program; (F) Eligibility participation criteria for loans issued by an eligible community development financial institution to a qualified condominium association; and (G) The authorization of a single community development financial institution or a consortium of community development financial institutions to participate in the condominium loan loss reserves program subject to condominium loan loss reserves program guidelines.