§ 10-306
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/md/economic-development/10-306A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§10–306.
(a)There is a Maryland Health and Higher Educational Facilities Authority.
(b)The Authority is a body politic and corporate and is an instrumentality of the State.
(c)The exercise of a power under this subtitle is the performance of an essential governmental function.
(d)The exercise of a power under this article is:
(1)for the benefit of the people of the State;
(2)to increase their commerce, welfare, and prosperity; and
(3)to improve their health, education, and living conditions.