HARRY HUGHES, Governor

2033

THE FUND OR FUNDS FROM WHICH THE INVESTMENT OR DEPOSIT WAS
MADE AND MAY ITSELF BE SO INVESTED OR DEPOSITED.

(D) ALL MONEYS RECEIVED PURSUANT TO THE AUTHORITY OF
THIS SUBTITLE, WHETHER AS PROCEEDS FROM THE SALE OF BONDS OR
OTHERWISE, SHALL BE DEEMED TO BE TRUST FUNDS TO BE HELD AND
APPLIED SOLELY AS PROVIDED IN THIS SUBTITLE. ANY OFFICER
WITH WHOM, OR ANY BANK OR TRUST COMPANY WITH WHICH, SUCH
MONEYS SHALL BE DEPOSITED SHALL ACT AS TRUSTEE OF SUCH
MONEYS AND SHALL HOLD AND APPLY THE SAME FOR THE PURPOSES
HEREOF, SUBJECT TO SUCH REGULATIONS AS THIS SUBTITLE AND THE
DETERMINATION AUTHORIZING THE BONDS OF ANY ISSUE OR THE
TRUST AGREEMENT SECURING SUCH BONDS MAY PROVIDE.

(G) (E) THE BOARD OF PUBLIC WORKS IS AUTHORIZED TO

EMPOWER THE STATE TREASURER TO ADVANCE FUNDS TO THE

AUTHORITY ADMINISTRATION TO BE REIMBURSED AT A LATER DATE
FROM THE PROCEEDS OF BOND SALES.

13-105. 521.

THE AUTHORITY ADMINISTRATION MAY EXERCISE ALL THE
POWERS NECESSARY FOR CARRYING OUT THE PROVISIONS OF THIS
TITLE SUBTITLE, INCLUDING THE POWER TO:

(1)  ADOPT BYLAWS, RULES AND REGULATIONS,
POLICIES, AND PROCEDURES FOR THE REGULATION OF ITS AFFAIRS,
THE CONDUCT OF ITS BUSINESS, AND TO OTHERWISE IMPLEMENT THE
PROVISIONS OF THIS TITLE SUBTITLE;

(2)  ESTABLISH AND APPOINT ADVISORY COMMITTEES
THAT IT CONSIDERS APPROPRIATE TO ASSIST IN CARRYING OUT THE
PROVISIONS OF THIS TITLE SUBTITLE;

(3)  ADOPT AN OFFICIAL SEAL;

(4) MAINTAIN AN OFFICE OR OFFICES AT THE PLACE
OR PLACES AS IT MAY DESIGNATE;

(5) APPOINT OFFICERS, AGENTS, AND EMPLOYEES, SET
THEIR DUTIES, AND FIX THEIR COMPENSATION;

(6) (4) SUE AND BE SUED IN ITS OWN NAME;
PROVIDED, THAT MEMBERS OF THE BOARD SHALL NOT PERSONALLY
LIABLE FOR ACTIONS TAKEN IN GOOD FAITH WITHIN THE SCOPE OF
THEIR OFFICIAL DUTIES AS MEMBERS OF THE BOARD; THAT THE
SECRETARY AND ANY OTHER PERSON EXECUTING THE BONDS OF THE
ADMINISTRATION IS NOT PERSONALLY LIABLE OR ACCOUNTABLE BY
REASON OF THEIR ISSUANCE;

(7) (5) MAKE AND ENTER INTO CONTRACTS OR OTHER
AGREEMENTS WITH ANY PERSON FOR ANY PURPOSE THAT THE
AUTHORITY ADMINISTRATION DETERMINES IS NECESSARY OR
INCIDENTAL TO THE PERFORMANCE OF ITS DUTIES AND TO THE
EXECUTION OF THE PURPOSES OF THIS TITLE SUBTITLE, INCLUDING
CONTRACTS RELATING TO THE EMPLOYMENT OR RETENTION OF
CONSULTING AND OTHER ENGINEERS, FINANCIAL ADVISORS, BOND