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Statutes Text

Article - Economic Development


    The Corporation may:

        (1)    acquire, develop, improve, manage, market, license, sublicense, maintain, lease as lessor or lessee, or operate a project in the State to carry out its purposes;

        (2)    acquire, directly or indirectly, from a person or political subdivision, by purchase, gift, or devise any property, rights-of-way, franchises, easements, or other interests in land, including submerged land and riparian rights:

            (i)    as necessary or convenient to improve or operate a project to carry out its purposes; and

            (ii)    on the terms and at the prices that it considers reasonable; and

        (3)    enter into a project with a manufacturer to carry out its purposes.