Section 1305 - General powers and duties of the secretaryThe secretary may exercise all powers necessary or appropriate to carry out this act, including the following powers, in addition to others herein granted:
(1) To review all applications for interest deferrals and loan guarantees under this act.(2) To determine, after consideration of the recommendations of the Secretary of Commerce and the committee, which applications for interest deferrals and loan guarantees should be rejected, which applications should be approved, and which applications should be approved subject to special conditions.(3) To determine, after consideration of the recommendations of the Secretary of Commerce and the committee, the criteria and procedures of the interest deferral and loan guarantee programs.(4) To conduct examinations necessary to: (i) the determination of an applicant's eligibility to receive an interest deferral or loan guarantee;(ii) the determination of the economic viability of the interest deferral or loan guarantee; and(iii) the power to review the operation of any family farm enterprise that has received an interest deferral or loan guarantee.(5) In determining eligibility for an interest deferral or a loan guarantee, to consult with the board and staff of any local farm credit association or agricultural stabilization and conservation service office in the area where an applicant resides or where the family farm enterprise is located or proposed to be located.(6) To determine the information to be provided by the applicant, the lender and the committee.1984, July 2, P.L. 537, No. 108, § 5, imd. effective.