Ch. 311

LAWS OF MARYLAND

(c)  The interest rate on loan programs of the
Administration, together with other moneys reasonably expected to
be available to the Administration, shall be sufficient to make
the loan programs self supporting. The determination of the
interest rate shall take into account the expenses of
administration, including payments required by mortgage defaults
and expenses for administrative, legal, actuarial, and other
services, allowance for losses, and the actual or imputed
interest cost of funds, and less any payments or subsidies
received by the Administration for the administration of any loan
program.

(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.

(e)  The Board of Public Works is authorized to empower the
State Treasurer to advance funds to the Administration to be
reimbursed at a later date from the proceeds of bond sales.

[13-405.] 6-305.

The Administration may exercise all the powers necessary for
carrying out the provisions of this subtitle, including the power
to:

(1)  Adopt 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
subtitle;

(2)  Establish and appoint advisory committees that it
considers appropriate to assist in carrying out the provisions of
this subtitle;

(3)  Adopt an official seal;

(4)  Sue and be sued in its own name; provided, that
the Secretary and any other person executing the bonds of the
Administration is not personally liable or accountable by reason
of their issuance;

(5)  Make and enter into contracts or other agreements
with any person for any purpose that the Administration
determines is necessary or incidental to the performance of its
duties and to the execution of the purposes of this subtitle,

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