Maryland Code, Economic Development § 5-512

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

(2) adopt a seal;

(3) maintain offices in the State;

(4) sue and be sued in its own name;

(5) retain consultants;

(6) use the services of governmental units;

(7) contract for and accept, to carry out this subtitle, a loan or grant from the federal government, a political subdivision of the State, or any other source;

(8) purchase, receive, lease as lessee, or otherwise acquire, sell, mortgage, lease as lessor, pledge, administer, dispose of, or otherwise deal with property given as collateral under a loan agreement on the terms and conditions it considers advisable;

(9) adopt regulations necessary to carry out its powers;

(10) acquire or take assignments of loan documents; and

(11) do anything necessary or convenient to carry out its powers.

(1) in its internal functions, follow the procedures of the State that govern the purchase of office space, supplies, facilities, materials, equipment, and professional services;

(2) keep proper records of its accounts;

(3) keep separate records for:

(4) in accordance with § 2.5-109 of this article, submit a report on its condition and operations.