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<section number="13-1165" name="Funding sources" law="code" slug="sec-13-1165" node_id="PTIITI17PULOLAPRGECOMA_SUBTITLE_13HOPRST_DIV16LABAAU_S13-1165FUSO">
  <level label="a">
    <text>To the extent permitted under the local government's Annotated Code of Maryland 1-1401, the Land Bank Authority of Prince George's County is authorized to solicit and receive funding from the following sources:</text>
    <level label="1">
      <text>Gifts, grants, and loans from County, state, federal, public and private sources;</text>
    </level>
    <level label="2">
      <text>Insurance proceeds;</text>
    </level>
    <level label="3">
      <text>Investment income; and</text>
    </level>
    <level label="4">
      <text>Any other assets or activities; and consideration for personal or real property conveyed or developed.</text>
    </level>
  </level>
  <level label="b">
    <text>The Authority may:</text>
    <level label="1">
      <text>Impose rates, rents, fees, and charges related to a project and for the services related to a project; and</text>
    </level>
    <level label="2">
      <text>Enter into contracts and execute agreements and instruments necessary or convenient to exercise its authority under this Division.</text>
    </level>
  </level>
  <level label="c">
    <text>The rates, rents, fees, and charges established by the Authority under this Section shall be imposed and adjusted so that the aggregate amount of the rates, rents, fees, and charges from the project, when added to other available money, is sufficient to:</text>
    <level label="1">
      <text>Pay for the expenses of the project;</text>
    </level>
    <level label="2">
      <text>Pay the principal of and the interest on the bonds that the Authority issued for the project as they become due and payable; and</text>
    </level>
    <level label="3">
      <text>Create and maintain reserves required or provided for in a trust agreement.</text>
    </level>
  </level>
  <level label="d">
    <text>The rates, rents, fees and charges established by the Authority under this section are not subject to supervision or regulation by a unit of the State.</text>
  </level>
</section>
