(a) Administration of funds. The council may enter into interagency contracts to administer funds related to the purposes of the council.      
        (b) Contracts in support of certain functions. The council may enter into interagency contracts, agreements, and memoranda of understanding with other state and federal agencies, institutions of higher education, and private persons or firms in order to efficiently evaluate applications and administer loans and grants of the council, including the processing and review of applications, including technical reviews and financial and background investigations, alternative fuels research, and inspection of recipients' projects.       
     Source Note:        The provisions of this §655.110 adopted to be effective February 11, 1994, 19 TexReg 628.