§ 10–314
Statutes in effect as of October 1, 2026.
Md. Code Ann., Econ. Dev. § 10-314 (2026)
Title 10. Statewide Development Resources and Revenue Authorities
Subtitle 3. Maryland Health and Higher Educational Facilities Authority
§ 10–314LinkCopy Citation
(a)
The Authority may:
(1)
adopt bylaws for the conduct of its business;
(2)
sue and be sued;
(3)
adopt a seal;
(4)
maintain an office at a place it designates;
(5)
issue bonds in accordance with this subtitle;
(6)
accept a grant, loan, or other assistance in any form from any public or private source, subject to the provisions of this subtitle;
(7)
charge to and equitably allocate among participating institutions the administrative costs and expenses of carrying out this subtitle; and
(8)
do all things necessary or convenient to carry out the powers expressly granted by this subtitle.
(b)
(1)
A health care institution may not use any money received from a bond issued by the Authority to match any State loan or grant that is available for improvement of a health care institution.
(2)
The Authority shall comply with the terms and conditions of assistance received in accordance with subsection (a)(6) of this section.
(c)
The Authority may delegate to a member or officer a power granted to the Authority by this subtitle, including the power to execute a bond, certificate, deed, lease, mortgage, agreement, or other document or instrument.