Maryland Code, Economic Development § 13-1206

(1) adopt a seal;

(2) sue or be sued;

(3) adopt bylaws and rules for the conduct of its business;

(4) enter into contracts and other legal instruments;

(5) accept grants, contributions, or other assistance of any kind from the federal government, the State, a local government, a college or university, or other public or private source;

(6) include in any contract for financial assistance with the federal government any reasonable and appropriate condition imposed under federal law that is not inconsistent with the purposes of this subtitle;

(7) make grants from the Fund to further the purposes of this subtitle;

(8) create, own, control, or be a member of a corporation, limited liability company, partnership, or any other entity; and

(9) do all things necessary or convenient to carry out the purposes of this subtitle.