§ 10-314
194 words·~1 min read·
/md/economic-development/10-314A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§10–314.
(a)The Authority may:
(1)adopt bylaws for the conduct of its business;
(2)sue and be sued;
(3)adopt a seal;
(4)maintain an office at a place it designates;
(5)issue bonds in accordance with this subtitle;
(6)accept a grant, loan, or other assistance in any form from any public or private source, subject to the provisions of this subtitle;
(7)charge to and equitably allocate among participating institutions the administrative costs and expenses of carrying out this subtitle; and
(8)do all things necessary or convenient to carry out the powers expressly granted by this subtitle.
(1)A health care institution may not use any money received from a bond issued by the Authority to match any State loan or grant that is available for improvement of a health care institution.
(2)The Authority shall comply with the terms and conditions of assistance received in accordance with subsection (a)(6) of this section.
(c)The Authority may delegate to a member or officer a power granted to the Authority by this subtitle, including the power to execute a bond, certificate, deed, lease, mortgage, agreement, or other document or instrument.