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<section article="gec" article_name="Economic Development" number="10-115" title_number="10" title_name="Statewide Development Resources and Revenue Authorities" subtitle_number="1" subtitle_name="Maryland Economic Development Corporation">
  <text>The Corporation may:</text>
  <level label="1">
    <text>adopt bylaws for the conduct of its business;</text>
  </level>
  <level label="2">
    <text>adopt a seal;</text>
  </level>
  <level label="3">
    <text>maintain offices at a place it designates in the State;</text>
  </level>
  <level label="4">
    <text>accept loans, grants, or assistance of any kind from the federal government, a governmental unit, a college or university, or a private source;</text>
  </level>
  <level label="5">
    <text>enter into contracts and other legal instruments;</text>
  </level>
  <level label="6">
    <text>sue and be sued in its own name;</text>
  </level>
  <level label="7">
    <text>acquire, purchase, hold, lease as lessee, and use any franchise, patent, or license and real, personal, mixed, tangible, or intangible property, or any interest in property, necessary or convenient to carry out its purposes;</text>
  </level>
  <level label="8">
    <text>sell, lease as lessor, transfer, and dispose of its property or interest in property;</text>
  </level>
  <level label="9">
    <text>fix and collect rates, rentals, fees, royalties, and charges for services, resources, and facilities it provides or makes available;</text>
  </level>
  <level label="10">
    <text>with the owner’s permission, enter lands, waters, or premises to make a survey, sounding, boring, or examination to accomplish a purpose authorized by this subtitle;</text>
  </level>
  <level label="11">
    <text>further define or limit the term “revenues” defined in § 10–101 of this subtitle as the term applies to a particular project, financing, or other matter;</text>
  </level>
  <level label="12">
    <text>create, own, control, or be a member of a corporation, limited liability company, partnership, or other person, whether for–profit or nonprofit;</text>
  </level>
  <level label="13">
    <text>exercise a power usually possessed by a private corporation in performing similar functions unless to do so would conflict with State law; and</text>
  </level>
  <level label="14">
    <text>do all things necessary or convenient to carry out the powers expressly granted by this subtitle.</text>
  </level>
</section>
