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Session Laws, 1983
Volume 745, Page 2408   View pdf image
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2408                                                        VETOES (C) PERSONAL LIABILITY. - NEITHER THE MEMBERS OF THE
AUTHORITY NOR ANY PERSON EXECUTING BONDS OR ANY AGREEMENT ENTERED
INTO BY THE AUTHORITY UNDER THIS SUBTITLE NOR ANY EMPLOYEE OF THE
AUTHORITY, THE DEPARTMENT, OR THE STATE SHALL BE LIABLE
PERSONALLY ON THE BONDS OR AGREEMENT OR BE SUBJECT TO ANY
PERSONAL LIABILITY OR ACCOUNTABILITY BY REASON OF THE ISSUANCE,
EXECUTION, OR DELIVERY THEREOF. 13-114. 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 IN THIS STATE THAT
IT DESIGNATES; (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, STATE, OR ANY LOCAL GOVERNMENT AND ANY OF THEIR
RESPECTIVE AGENCIES AND INSTRUMENTALITIES; (8)  ACQUIRE, MANAGE, OPERATE, DISPOSE OF, OR
OTHERWISE DEAL WITH PROPERTY, TAKE ASSIGNMENTS OF RENTALS AND
LEASES, AND MAKE CONTRACTS, LEASES, AGREEMENTS, AND ARRANGEMENTS
THAT ARE NECESSARY OR INCIDENTAL TO THE PERFORMANCE OF ITS
DUTIES, UPON SUCH TERMS AND CONDITIONS THAT IT MAY DEEM
ADVISABLE; (9)  ACQUIRE OR TAKE ASSIGNMENTS OF DOCUMENTS
EXECUTED, OBTAINED, OR DELIVERED IN CONNECTION WITH FINANCIAL
ASSISTANCE PROVIDED BY THE AUTHORITY UNDER THIS SUBTITLE; (10)   SUBJECT TO THE PROVISIONS OF ANY OUTSTANDING
AGREEMENTS ENTERED INTO BY THE AUTHORITY UNDER THIS SUBTITLE,
ENTER INTO COVENANTS OR AGREEMENTS WITH RESPECT TO THE
AUTHORITY'S INSURANCE FUNDS, AND ESTABLISH ACCOUNTS WITHIN THE
AUTHORITY'S INSURANCE FUNDS WHICH MAY BE USED TO IMPLEMENT THE
PURPOSES OF THIS SUBTITLE. IF THE AUTHORITY ELECTS TO ESTABLISH
SEPARATE ACCOUNTS, THE AUTHORITY MAY ALLOCATE ITS REVENUES AND
RECEIPTS AMONG THE RESPECTIVE ACCOUNTS IN ANY MANNER THE
AUTHORITY CONSIDERS APPROPRIATE;


 
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Session Laws, 1983
Volume 745, Page 2408   View pdf image
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