# Economic Development (GEC)

## Title 10. Statewide Development Resources and Revenue Authorities

### Subtitle 3. Maryland Health and Higher Educational Facilities Authority

#### Section 10-306

(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.

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Md. Code Ann., Econ. Dev. (as displayed at mgaleg.maryland.gov, October 16, 2026)