Sec. 31-120. Authority created

There is hereby created, pursuant to Sections 31-101 through 31-119, inclusive, of this Subtitle, a body corporate and politic known as the Prince George's County Supplemental Higher Educational Loan Authority. Approval is hereby irrevocably granted to the Authority to exercise all the powers and functions granted to it by State law as set forth in this Subtitle or elsewhere. It may do any other and all corporate acts for the purpose of carrying out its powers and functions.