(a) Except as otherwise provided by state law, by these rules, or by resolution of the board, the staff, with the approval of the commissioner, the deputy commissioner of agriculture, or the official of the department designated by the commissioner of agriculture as being responsible for the department's agricultural finance programs, shall have the authority to act on behalf of the Authority, without specific board approval, in regard to the ongoing servicing, collection, settlement, and enforcement of each and every loan guaranteed by the Authority under the program. Such authority shall include, without limitation, the actions required to be taken by the Authority under any loan agreement, and any other agreement entered into by the Authority concerning a loan guaranteed by the Authority under the program.(b) Nothing in this section shall prevent the staff or the commissioner, the deputy commissioner, or the official of the department designated by the commissioner of agriculture from submitting any matter to the board for its consideration and approval.