3810

LAWS OF MARYLAND

Ch. 734

A member of the Authority may not participate in any
decision related to the approval of financial assistance if
the member has any interest in the applicant for the
assistance[.] OR IF THE MEMBER HAS ANY INTEREST IN THE
FINANCIAL INSTITUTION SEEKING A GUARANTEE OR AN INTEREST
SUBSIDY OR BOTH UNDER THIS ARTICLE.

13-212.

In addition to any other powers set forth in this
subtitle, the Authority may:

(1)  Adopt bylaws to regulate its affairs and the
conduct of its business;

(2)  Adopt and use an official seal;

(3)  Maintain offices at the places that it
designates in this State;

(4)  Sue and be sued in its own name;

(5)  Contract for and engage the services of
consultants;

(6)  Use the services of other governmental
agencies;

(7)  Contract for and accept, for use in carrying
out the provisions of this subtitle, loans and grants from
the federal government and any of its agencies and
instrumentalities; [and]

(8)  CONTRACT FOR AND ACCEPT, FOR USE IN CARRYING
OUT THE PROVISIONS OF THIS SUBTITLE, ANY GRANT OR
CONTRIBUTION OF FUNDS FROM ANY POLITICAL SUBDIVISION OF THE
STATE OR FROM ANY OTHER SOURCE AND COMPLY, SUBJECT TO THE
PROVISIONS OF THIS SUBTITLE, WITH THE TERMS AND CONDITIONS
THEREOF;

(9)  PURCHASE, RECEIVE, LEASE, OR OTHERWISE
ACQUIRE, AS WELL AS SELL, MORTGAGE, LEASE, PLEDGE, OR
ADMINISTER, DISPOSE OF, OR OTHERWISE DEAL WITH PROPERTY
GIVEN AS COLLATERAL UNDER ANY LOAN AGREEMENT UPON SUCH TERMS
AND CONDITIONS THAT IT MAY DEEM ADVISABLE;

(10)  ADOPT RULES AND REGULATIONS NECESSARY TO
CARRY OUT ITS POWERS;

(11)  ACQUIRE OR TAKE ASSIGNMENTS OF LOAN
DOCUMENTS; AND

[(8)] (12) Do anything necessary or convenient
to carry out its powers.