Section 10-614 - Miscellaneous powers - Financing. - Maryland Statutes

§ 10-614. Miscellaneous powers - Financing.
 

Subject to the approval of the Board of Public Works, the Authority may: 

(1) borrow money from any source for any corporate purpose, including working capital for its operations, reserve funds, or interest; 

(2) mortgage, pledge, or otherwise encumber the property or funds of the Authority; 

(3) contract for the services of any person in connection with any financing, including financial institutions, issuers of letters of credit, or insurers; and 

(4) receive and accept from any public or private source contributions, gifts, or grants of money or property and invest the money or property as a whole or in part. 
 

[FI § 13-708(a)(13), (15); 2008, ch. 306, § 2.]