MARVIN MANDEL, Governor

2647

(D) THE BOARD OF REVIEW OF THE DEPARTMENT HAS NO
JURISDICTION OVER THE AUTHORITY IN ITS EXERCISE OF ANY OF
THE POWERS GRANTED IN THIS SUBTITLE.

460.   GENERAL POWERS OF AUTHORITY.

(A)   THE AUTHORITY HAS ALL POWERS NECESSARY TO CARRY
OUT THE PURPOSES OF THIS SUBTITLE, INCLUDING, BUT NOT
LIMITED TO, THE FOLLOWING:

(B)   IT MAY SUE AND BE SUED IN ITS OWN NAME;

(C)   IT MAY ADOPT A SEAL AND ALTER IT;

(D)    IT MAY ADOPT RULES, REGULATIONS, POLICIES, AND
PROCEDURES, NOT INCONSISTENT WITH THIS SUBTITLE, TO
IMPLEMENT ITS POWERS AND PURPOSES AND THE CONDUCT OF ITS
BUSINESS;

(E)    IT MAY ENTER INTO AND ENFORCE CONTRACTS,
AGREEMENTS, LEASES, AND OTHER UNDERTAKINGS OF ANY KIND TO
IMPLEMENT ITS POSERS AND PURPOSES AND THE CONDUCT OF ITS
BUSINESS;

(F)   IT MAY BORROW MONEY AND ISSUE BONDS TO EVIDENCE
THAT BORROWING IN ACCORDANCE WITH THIS SUBTITLE;

(G)   IT MAY DO ANY ACT NECESSARY OR CONVENIENT TO
THE EXERCISE OF THE POWERS GRANTED IN THIS SUBTITLE.

461.   SPECIFIC POWERS; HOME MORTGAGE LOANS.

(A)    WITHOUT LIMITING THE GENERAL POWERS GRANTED IN
§ 460, THE AUTHORITY IS EMPOWERED TO TAKE ALL ACTIONS
NECESSARY OR CONVENIENT TO IMPLEMENT THE SPECIFIC POWERS
SET FORTH IN THIS SECTION.

(B)   [[IT MAY LEND MONEY TO MORTGAGE LENDERS FOR THE
PURPOSE OF THEIR MAKING [[HOME]] MORTGAGE LOANS PURSUANT
TO SECTION 464 AND IN ACCORDANCE WITH § [[464]] 463.]]

[[(C)]] IT MAY PURCHASE FROM MORTGAGE LENDERS
MARYLAND HOME MORTGAGE LOANS OR INTERESTS IN THEM, IN
ACCORDANCE WITH § 465.

[[(D)]] (C) IT MAY SETTLE AND COMPROMISE
OBLIGATIONS AND DEBTS TO IT, SUBJECT TO THE PROVISIONS OF
ANY AGREEMENT WITH BONDHOLDERS.

[[(E)]] (D) IT MAY ACQUIRE, BY GIFT, PURCHASE,
FORECLOSURE OR OTHERWISE, REAL AND PERSONAL PROPERTY AND
INTERESTS THEREIN, AND MAY SELL OR OTHERWISE DISPOSE OF
SUCH PROPERTY AND INTERESTS.