§ 10-614

Maryland § 10-614

• Jurisdiction: Maryland
• Article gec: Economic Development
• Title: 10

Text

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.