Section 18-105 - Powers of Queen Anne's Authority. - Maryland Statutes

§ 18-105. Powers of Queen Anne's Authority.
 

(a)  In general.- Subject to the power of the Board of County Commissioners under § 18-104 of this title, the Queen Anne's Authority, in addition to the powers listed elsewhere in this Division II or any other law, may: 

(1) make mortgage loans; 

(2) make rent subsidy payments to or for persons of eligible income; 

(3) make construction loans and long-term mortgage loans to a person to produce housing for persons of eligible income; or 

(4) waive maximum income limits for persons 65 years of age or older. 

(b)  Sale of bonds.- The Queen Anne's Authority may sell its bonds at public or private sale in the manner and on the terms that it authorizes by resolution. 
 

[An. Code 1957, art. 44A, § 6-102(c), (e); 2006, ch. 63, § 2.]