{"data":{"id":"us-md/md.-code-economic-development-10-314","jurisdiction":"us-md","citation":"Md. Code, Economic Development § 10–314","heading":"","body":"(a) The Authority may:\n(1) adopt bylaws for the conduct of its business;\n(2) sue and be sued;\n(3) adopt a seal;\n(4) maintain an office at a place it designates;\n(5) issue bonds in accordance with this subtitle;\n(6) accept a grant, loan, or other assistance in any form from any public or private source, subject to the provisions of this subtitle;\n(7) charge to and equitably allocate among participating institutions the administrative costs and expenses of carrying out this subtitle; and\n(8) do all things necessary or convenient to carry out the powers expressly granted by this subtitle.\n(b) (1) A health care institution may not use any money received from a bond issued by the Authority to match any State loan or grant that is available for improvement of a health care institution.\n(2) The Authority shall comply with the terms and conditions of assistance received in accordance with subsection (a)(6) of this section.\n(c) The Authority may delegate to a member or officer a power granted to the Authority by this subtitle, including the power to execute a bond, certificate, deed, lease, mortgage, agreement, or other document or instrument.","path":["Article - Economic Development"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gec\u0026section=10-314","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:57:28Z","sha256":"23f9a54501e83534fb61bdc2040ca22c5a0b68c1a80e3a7bbd97727d447f76e8","source_id":"us-md","stale":false,"prev":"us-md/md.-code-economic-development-10-313","next":"us-md/md.-code-economic-development-10-315"},"notice":"GroundRules: Original legal text. Not legal advice."}