Section 10-314 - Powers - In general. - Maryland Statutes

§ 10-314. Powers - In general.
 

(a)  In general.- The Authority may: 

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

(2) sue and be sued; 

(3) adopt a seal; 

(4) maintain an office at a place it designates; 

(5) issue bonds in accordance with this subtitle; 

(6) accept a grant, loan, or other assistance in any form from any public or private source, subject to the provisions of this subtitle; 

(7) charge to and equitably allocate among participating institutions the administrative costs and expenses of carrying out this subtitle; and 

(8) do all things necessary or convenient to carry out the powers expressly granted by this subtitle. 

(b)  Limitation.-  

(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. 

(2) The Authority shall comply with the terms and conditions of assistance received in accordance with subsection (a)(6) of this section. 

(c)  Delegation.- 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. 
 

[An. Code 1957, art. 43C, §§ 4(g), 5(a)(1)-(4), (6), (10), (14)-(16); 2008, ch. 306, § 2.]