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§ 10-314. Powers -- In general

MD Econ Dev Code § 10-314 (2019) (N/A)
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(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.

(b)    (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.

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