<?xml version='1.0' encoding='utf-8'?>
<section article="gec" article_name="Economic Development" number="10-1119" title_number="10" title_name="Statewide Development Resources and Revenue Authorities" subtitle_number="11" subtitle_name="Maryland Community Investment Corporation">
  <text>The Corporation may:</text>
  <level label="1">
    <text>provide equity investment to a qualified business or project in the form of a grant, loan, tax credit allocation, or any other form of financial assistance to carry out its purposes;</text>
  </level>
  <level label="2">
    <text>acquire, develop, improve, manage, market, license, sublicense, maintain, lease as lessor or lessee, or operate a project in the State to carry out its purposes; and</text>
  </level>
  <level label="3">
    <text>acquire, directly or indirectly, from a person or political subdivision, by purchase, gift, or devise, any property, rights–of–way, franchises, easements, or other interests in land, including submerged land and riparian rights:</text>
    <level label="i">
      <text>as necessary or convenient to improve or operate a project to carry out its purposes; and</text>
    </level>
    <level label="ii">
      <text>on the terms and at the prices that the Corporation considers reasonable.</text>
    </level>
  </level>
</section>
