§ 10-1119
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/md/economic-development/10-1119A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§10–1119.
The Corporation may:
(1)provide equity investment to a qualified business or project in the form of a grant, loan, tax credit allocation, or any other form of financial assistance to carry out its purposes;
(2)acquire, develop, improve, manage, market, license, sublicense, maintain, lease as lessor or lessee, or operate a project in the State to carry out its purposes; and
(3)acquire, directly or indirectly, from a person or political subdivision, by purchase, gift, or devise, any property, rights–of–way, franchises, easements, or other interests in land, including submerged land and riparian rights:
(i)as necessary or convenient to improve or operate a project to carry out its purposes; and
(ii)on the terms and at the prices that the Corporation considers reasonable.