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<section article="gec" article_name="Economic Development" number="10-509" title_number="10" title_name="Statewide Development Resources and Revenue Authorities" subtitle_number="5" subtitle_name="Maryland Agricultural and Resource-Based Industry 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 an office at a place it designates in the State;</text>
  </level>
  <level label="4">
    <text>accept loans, grants, or financial and technical assistance in any form from the federal or State government, local governments, colleges or universities, or a private source;</text>
  </level>
  <level label="5">
    <text>enter into contracts and other legal instruments;</text>
  </level>
  <level label="6">
    <text>sue or be sued;</text>
  </level>
  <level label="7">
    <text>acquire, purchase, hold, lease as a lessee, and use any franchise, patent, or license and real, personal, mixed, or tangible or intangible property, or any interest in property;</text>
  </level>
  <level label="8">
    <text>own, improve, sell, lease as a lessor, transfer, license, assign, encumber, and dispose of any property or interest in property, necessary or convenient to carry out its purposes at public sale, with or without public bidding;</text>
  </level>
  <level label="9">
    <text>fix and collect rates, rentals, fees, royalties, and charges for the use of or for services and resources it provides or makes available;</text>
  </level>
  <level label="10">
    <text>retain any necessary accountants, engineers, financial advisors, and other consultants;</text>
  </level>
  <level label="11">
    <text>with the approval of the Attorney General, retain any necessary lawyers;</text>
  </level>
  <level label="12">
    <text>further define or limit the term “revenue” defined in § 10-501 of this subtitle as the term applies to a particular project, financing, or other matter;</text>
  </level>
  <level label="13">
    <text>create, own, control, or be a member of a corporation, limited liability company, partnership, or other person, whether operated for profit or not for profit;</text>
  </level>
  <level label="14">
    <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="15">
    <text>do anything necessary or convenient to carry out the powers granted by this subtitle.</text>
  </level>
</section>
