Authority to act in the following areas is delegated to the executive director by the board:     
       (1) to act as agent for service of process and as official liaison with agencies of the state, other states, the federal government and the public;      
       (2) to initiate, settle or defend litigation by, on behalf of or against the board in collection matters, contract disputes or other matters involving less than $10,000;      
       (3) to initiate all rulemaking and adopt internal procedures and guidelines;      
       (4) to supervise, direct, conduct and administer the day-to-day activities of the program;      
       (5) to negotiate, enter into and execute purchases, contracts, leases, lease-purchases, licenses and agreements involving payments of less than the amount(s) stated in Government Code, §2254.021(2);      
       (6) to authorize a refund, change of beneficiary, conversion to another plan and assess fees as specified by the board or consistent with rules and policies adopted by the board;      
       (7) to negotiate agreements or other transactions with the United States, state agencies, general academic teaching institutions, two-year institutions of higher education, and local governments;      
       (8) to appear on his or her own behalf or on behalf of the board before governmental agencies;      
       (9) to engage the services of private consultants, actuaries, trustees, records administrators, managers, legal counsel, and auditors for administrative or technical assistance;      
       (10) to solicit and accept on behalf of the board gifts, grants, loans, and other aid from any source or participate in any other way in any government program to carry out this chapter;      
       (11) to purchase liability insurance covering the board and employees and agents of the board; and      
       (12) to perform such other duties as specified by the board.      
     Source Note:        The provisions of this §7.33 adopted to be effective January 8, 1996, 20 TexReg 11124; amended to be effective May 6, 2008, 33 TexReg 3649; amended to be effective August 27, 2008, 33 TexReg 6955