Page:United States Statutes at Large Volume 110 Part 1.djvu/1138

 110 STAT. 1114 PUBLIC LAW 104-127—APR. 4, 1996 Courts. the business of the Corporation, except that this paragraph shall not provide authority for carrying out a program of real estate investment; "(5) may sue and be sued in the corporate name of the Corporation, except that— "(A) no attachment, injunction, garnishment, or similar process shall be issued against the Corporation or property of the Corporation; and "(B) exclusive original jurisdiction shall reside in the district courts of the United States, but the Corporation may intervene in any court in any suit, action, or proceeding in which the Corporation has an interest; "(6) may independently retain legal representation; "(7) may provide for and designate such committees, and the functions of the committees, as the Corporate Board considers necessary or desirable; "(8) may indemnify the Executive Director and other officers of the Corporation, as the Corporate Board considers necessary and desirable, except that the Executive Director and officers shall not be indemnified for an act outside the scope of employment; "(9) may, with the consent of any board, commission, independent establishment, or executive department of the Federal Government, including any field service, use information, services, facilities, officials, and employees in carrying out this subtitle, and pay for the use, which payments shall be transferred to the applicable appropriation account that incurred the expense; "(10) may obtain the services and fix the compensation of any consultant and otherwise procure temporary and intermittent services under section 3109(b) of title 5, United States Code; "(11) may use the United States mails on the same terms and conditions as the Executive agencies of the Federal Government; "(12) shall have the rights, privileges, and immunities of the United States with respect to the right to priority of pay- ment with respect to debts due from bankrupt, insolvent, or deceased creditors; "(13) may collect or compromise any obligations assigned to or held by the Corporation, including any legal or equitable rights accruing to the Corporation; "(14) shall determine the character of, and necessity for, obligations and expenditures of the Corporation and the manner in which the obligations and expenditures shall be incurred, allowed, and paid, subject to provisions of law specifically applicable to Government corporations; "(15) may make final and conclusive settlement and adjustment of any claim by or against the Corporation or a fiscal officer of the Corporation; "(16) may sell assets, loans, and equity interests acquired in connection with the financing of projects funded by the Corporation; and "(17) may exercise all other lawful powers necessarily or reasonably related to the establishment of the Corporation to carry out this subtitle and the powers, purposes, functions, duties, and authorized activities of the Corporation.

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