§ 10-614. Miscellaneous powers -- Financing

MD Econ Dev Code § 10-614 (2019) (N/A)
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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.