§ 10–306

Statutes in effect as of October 1, 2026.

Md. Code Ann., Econ. Dev. § 10-306 (2026)

Title 10. Statewide Development Resources and Revenue Authorities

Subtitle 3. Maryland Health and Higher Educational Facilities Authority

(a)

There is a Maryland Health and Higher Educational Facilities Authority.

(b)

The Authority is a body politic and corporate and is an instrumentality of the State.

(c)

The exercise of a power under this subtitle is the performance of an essential governmental function.

(d)

The exercise of a power under this article is:

(1)

for the benefit of the people of the State;

(2)

to increase their commerce, welfare, and prosperity; and

(3)

to improve their health, education, and living conditions.