Agmt16 Golden State Finance Authority JPA

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This Agreement shall become eflectivc from the (late hereofuntil the earlier of the time cal►e►n all Bonds and su►y interest thereon shall have been paid in full, or provision for such payment sl►all have been made, or when the Authority shall no longer own or hold any interest in a public capital improvement or prog►<un. The .Authority shall continue to exercise the powers herein► conferred upon it until tern►i►►ation of this Agreement, except that if at►y Bonds are issued and cleliverecl, in no event shall the exercise of the powers herein punted be terminated until all Bonds so issued mid cleliverecl and the i►►terest thereon shall have been paid or provision for such payment shall have been Inde .0►el any other debt incurred with respect to au►y otl►er financing program established or ad►ni►►istered by the Authority has been repaid in full and is no longer outstanding. 6. Powers; Reswrbon upon Exemse a. To effectuate its purpose, the Authority shall have die power to exercise any and all powers of tic Members or of' a joint powers autl►onty under the Act a.►rd other applicable promMus of law, subject, however, to (lie conditions and restrictions hercu► contained. Each Member or Associate Member may also separately exercise any and all such Powers. The powers of the Authority are linuted to those of a general law county. b. "1 he Authority may adopt, from time to time, such resolutions, guideli►►es, rules and regulations for (lie conduct of its meetings and the activities of the Audionty as it deems necessary or desirable to accomplish its purpose. C. The Authority shall have the power to finanu•e the construction, acquisition, improvement and rehabilitation of real property, includitig the power to purchase. with the arnounts received or to be received by it Pursunai►t to a bond purchase agreement, bonnets issued by au►y of its Mennbers or Associate Mc►nbers anal other local agencies at public or negotiated sale, for the purpose set forth 11Crein► and in accord<uice with the Act. All or any part of such bonds so purchased may he held by the: Authority or resold to public or private purchasers at public or negotiated sale. -nic Authority shall set jury other terms aild conditions of any Purchase or sale contemplated herein as ii leen►s necessary or convenient and in finrtheru►ee of t!►e Act. The Authority may Issue or cause to be issued Bonds or other indebtedness, and pledge any of its property or revenues as security to the extcut permitted by resolution of the Board under any applicable provision of law. The Authority may issue. Bonds in accordance: With the Act in order to raise fiu►ds necessary to cllecluate its Purpose- hereunder and may enter into agreements to secure such Bonds. The Authority clay issue other forms of iudebteduess authorized by the Act, and to secure such debt, to further such purpose. The Authority may utilize other torms of capital, including, but not limited to. the Authority's internal resources, capital markets and Other forms of private capital investment authorized by the Act. d. The Authority is hereby antl►orized to do all acts necessary for the exercise of its Powers, including, but not lin►►heel to: (1) execuling contracts. ATTY/AGR/2016.086/CALIFORNIA HOME FINANCE AUTHORITY REV: 04-29-16 FF Page 4 of 14