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<section number="13-1157" name="Authority powers" law="code" slug="sec-13-1157" node_id="PTIITI17PULOLAPRGECOMA_SUBTITLE_13HOPRST_DIV16LABAAU_S13-1157AUPO">
  <level label="a">
    <text>The Authority shall have the power to:</text>
    <level label="1">
      <text>Adopt, amend, and repeal bylaws for the conduct of the Authority's business;</text>
    </level>
    <level label="2">
      <text>Sue and be sued;</text>
    </level>
    <level label="3">
      <text>Maintain an office at a place the Authority designates;</text>
    </level>
    <level label="4">
      <text>Borrow money;</text>
    </level>
    <level label="5">
      <text>Issue bonds and other obligations for a corporate purpose in accordance with Title 1, Subtitle 14, of the Local Government Article of the Annotated Code of Maryland;</text>
    </level>
    <level label="6">
      <text>Invest money of the Authority in instruments, obligations, securities, or property;</text>
    </level>
    <level label="7">
      <text>Participate in a program of the federal government, the State, a political subdivision of the State, or an intergovernmental entity created under State law;</text>
    </level>
    <level label="8">
      <text>Contract for good and services;</text>
    </level>
    <level label="9">
      <text>Study, develop and prepare reports or plans to assist in the Authority's exercise of powers and to monitor and evaluate the Authority's progress;</text>
    </level>
    <level label="10">
      <text>Contract with public or private entities for services necessary to manage and operate the Authority;</text>
    </level>
    <level label="11">
      <text>Create, own, control, or be a member of a corporation, limited liability company, partnership, or other person, whether operated for profit or not for profit, for the purposes of developing property in order to maximize marketability.</text>
    </level>
    <level label="12">
      <text>Exercise a power usually possessed by a private corporation in performing similar functions, unless to do so would conflict with State law;</text>
    </level>
    <level label="13">
      <text>Insure against losses in connection with the real property, assets, or activity of the Authority;</text>
    </level>
    <level label="14">
      <text>Design, develop, construct, demolish, rehabilitate, renovate, relocate, and otherwise improve real property or interests in real property;</text>
    </level>
    <level label="15">
      <text>Raise revenue by any legal means required to make the operations and activities of the Authority self-sustaining.</text>
    </level>
    <level label="16">
      <text>Delegate to a member or officer a power granted to the Authority hereunder, including the power to execute a bond, obligation, certificate, deed, lease, mortgage agreement, or other document or instrument.</text>
    </level>
    <level label="17">
      <text>Without limitation by the foregoing, be vested with and exercise all of the powers conferred upon land bank authorities generally by the laws of the State of Maryland including the powers set forth in the Prince George's County Code and specifically conferred upon the Authority by this division; and</text>
    </level>
    <level label="18">
      <text>Do any and all things necessary or appropriate to the foregoing.</text>
    </level>
  </level>
</section>
