Maryland Code, Economic Development § 13-612

(1) adopt a seal;

(2) sue;

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

(4) enter into contracts and agreements;

(5) borrow money and accept advances, loans, grants, contributions, and any other form of assistance from the federal government, the State, or other public or private source;

(6) give any required security;

(7) 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;  and

(8) execute any instrument and act as necessary, convenient, or desirable to carry out its powers and the purposes of this subtitle.