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Maryland Code, Economic Development § 10-614

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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.

Cite this article: - Maryland Code, Economic Development § 10-614 - last updated December 31, 2021 |

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