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Statutes Text

Article - Economic Development




§10–614.

    Subject to the approval of the Board of Public Works, the Authority may:

        (1)    borrow money from any source for any corporate purpose, including working capital for its operations, reserve funds, or interest;

        (2)    mortgage, pledge, or otherwise encumber the property or funds of the Authority;

        (3)    contract for the services of any person in connection with any financing, including financial institutions, issuers of letters of credit, or insurers; and

        (4)    receive and accept from any public or private source contributions, gifts, or grants of money or property and invest the money or property as a whole or in part.



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