Maryland Code, Economic Development § 10-1006

(1) adopt bylaws for the conduct of its business;

(2) adopt a seal;

(3) maintain offices at a place it designates in the State;

(4) accept loans, grants, or assistance of any kind from the federal or State government, a local government, a college or university, or a private source;

(5) enter into contracts and other legal instruments;

(6) retain, employ, or hire an independent firm for the purpose of operating and managing live horse racing in the State;

(7) sue or be sued;

(8) acquire, purchase, hold, lease as lessee, and use:

(9) sell, lease as lessor, transfer, license, assign, or dispose of property or a property interest that it acquires;

(10) fix and collect rates, rentals, fees, royalties, and charges for services and resources it provides or makes available;

(11) create, own, control, or be a member of a corporation, limited liability company, partnership, or other entity, whether operated for profit or not for profit;

(12) exercise power usually possessed by a private corporation in performing similar functions unless to do so would conflict with State law;

(13) assist with the advertising and promotion of horse racing interests; and

(14) do all things necessary or convenient to carry out the powers granted by this subtitle.