MARVIN MANDEL, Governor                               2431

other obligations of the Authority for any of its
corporate purposes, including its operating expenses, and
to fund or refund the same, all as provided in this
article;

(7)   Generally, to fix and revise from time to tine
and charge and collect rates, rents, fees and charges for
the use of and for the services furnished or to be
furnished by a project or any portion thereof;

(8)   To establish rules and regulations for the use
of a project or any portion thereof and to designate a
participating institution for higher education or
participating [hospitals] HOSPITAL as its agent to
establish rules and regulations for the use of a project
undertaken by such participating institution for higher
education or participating hospital;

(9)   To employ consulting engineers, architects,
accountants, construction and financial experts,
superintendents, managers, and such other professional
employees, other employees and agents as may be necessary
in its judgment, and to fix their compensation;

{10} To receive and accept from any public agency
loans or grants for or in aid of the construction of a
project or any portion thereof, and to receive and accept
loans, grants, aid or contributions from any source of
either money, property, labor or other things of value,
to be held, used and applied only for the purpose for
which such loans, grants, aid and contributions are made,
provided that no hospital may use any moneys received as
a result of bonds, notes, or other obligations issued by
the Authority to [match] PROVIDE MATCHING funds required
[by] FOR any State loans or grants available for hospital
construction, expansion, or renovation;

(11)    To mortgage or otherwise pledge or encumber
any project and the site thereof or to accept and hold a
mortgage or other encumbrance on any project and the site
thereof for the benefit of the holders of revenue bonds
issued to finance such project;

(12)   To make loans to any participating institution
for higher education or hospital for the construction of
a project in accordance with an agreement between the
[corporation] AUTHORITY and the participating institution
for higher education or hospital; provided that no such
loan shall exceed the total cost of construction and
equipment of the project as determined by the
participating institution for higher education or
hospital and approved by the Authority;

(13)   To make loans to a participating institution