<?xml version='1.0' encoding='utf-8'?>
<section number="13-1162" name="Property acquisition and disposition powers" law="code" slug="sec-13-1162" node_id="PTIITI17PULOLAPRGECOMA_SUBTITLE_13HOPRST_DIV16LABAAU_S13-1162PRACDIPO">
  <level label="a">
    <text>The Authority may:</text>
    <level label="1">
      <text>Acquire real property, rights or interests in real property, directly, or through a person or governmental entity, by gift, devise, transfer, exchange, foreclosure, purchase, or otherwise on terms and conditions and in a manner the Authority considers proper;</text>
    </level>
    <level label="2">
      <text>Own property in the Authority's name, including tax foreclosed property and property without clear title;</text>
    </level>
    <level label="3">
      <text>Sell, lease as lessor, transfer, and dispose of the Authority's interest in property;</text>
    </level>
    <level label="4">
      <text>Procure insurance against loss in connection with the property, assets, or activities the Authority;</text>
    </level>
    <level label="5">
      <text>Execute deeds, mortgages, contracts, leases, purchases, or other agreements regarding the property of the Authority; and</text>
    </level>
  </level>
  <level label="b">
    <text>Property purchased, owned, or sold under this section may not be located outside the of Prince George's County Council.</text>
  </level>
  <level label="c">
    <text>The Authority may quiet title or foreclose on a property in which it holds an interest that is not fee simple title by;</text>
    <level label="1">
      <text>Conducting an examination of title to determine the identity of any person possessing a claim or interest in the property; and</text>
    </level>
    <level label="2">
      <text>Filing a complaint to quiet title in accordance with Maryland Code, Real Property, Title 14, Subtitle 6.</text>
    </level>
  </level>
  <level label="d">
    <text>The Authority may join in a single complaint to quiet title or foreclose on one or more parcels of real property.</text>
  </level>
  <level label="e">
    <text>The Authority shall maintain any property it acquires in accordance with the laws of Prince George's County.</text>
  </level>
  <level label="f">
    <text>The Authority may enter into an agreement with Prince George's County for the acquisition, maintenance, and sale of property.</text>
  </level>
  <level label="g">
    <text>The Authority may coordinate and enter into agreements with the Redevelopment Authority of Prince George's County to most effectively and efficiently accomplish the objectives of both organizations.</text>
  </level>
</section>
