§ 10-614
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/md/economic-development/10-614A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§10–614.
Subject to the approval of the Board of Public Works, the Authority may:
(1)borrow money from any source for any corporate purpose, including working capital for its operations, reserve funds, or interest;
(2)mortgage, pledge, or otherwise encumber the property or funds of the Authority;
(3)contract for the services of any person in connection with any financing, including financial institutions, issuers of letters of credit, or insurers; and
(4)receive and accept from any public or private source contributions, gifts, or grants of money or property and invest the money or property as a whole or in part.