Ch. 356

1993 LAWS OF MARYLAND

(7)      TO SUE AND BE SUED;

(8)      TO HAVE A SEAL AND ALTER THE SEAL AT ITS PLEASURE;

(9)      TO HAVE PERPETUAL SUCCESSION;

(10)    TO MAKE AND EXECUTE CONTRACTS AND OTHER LEGAL
INSTRUMENTS NECESSARY OR CONVENIENT TO THE EXERCISE OF ITS POWERS AND
AS NECESSARY FOR THE EFFICIENT REGULAR OPERATION OF THE AUTHORITY;

(11)    TO PURCHASE, LEASE, USE, HOLD, OR OBTAIN OPTIONS ON REAL OR
PERSONAL PROPERTY OR INTEREST IN REAL OR PERSONAL PROPERTY AS THESE
ARE NECESSARY FOR THE EFFICIENT REGULAR OPERATION OF THE AUTHORITY;

(12)    TO ACQUIRE REAL OR PERSONAL PROPERTY OR INTEREST IN REAL
OR PERSONAL PROPERTY BY GIFT, GRANT, BEQUEST, DEVISE, OR OTHER MEANS;

(13)    TO SELL, LEASE, TRANSFER, EXCHANGE, ASSIGN, PLEDGE, OR
DISPOSE OF ANY REAL OR PERSONAL PROPERTY OR ANY INTEREST IN REAL OR
PERSONAL PROPERTY AS THESE ARE NECESSARY¹ FOR THE EFFICIENT REGULAR
OPERATION OF THE AUTHORITY;

(14)    TO APPLY FOR AND ACCEPT ANY LOANS, GRANTS, OR ASSISTANCE
OF ANY KIND FROM THE FEDERAL, STATE, OR LOCAL GOVERNMENT OR FROM ANY
PRIVATE SOURCE, INCLUDING HIGH TECHNOLOGY GRANTS FOR TECHNOLOGY
DEVELOPMENT IN MAXIMIZING NEW AND EXISTING ECONOMIC DEVELOPMENT
OPPORTUNITIES;

(15)    TO RECEIVE AND ACCEPT ANY CONTRIBUTION, GIFT, OR GRANT
FROM ANY PUBLIC OR PRIVATE SOURCE;

(16)    TO ESTABLISH AND APPOINT ADVISORY GROUPS AND COMMITTEES
TO ASSIST IN CARRYING OUT THE DUTIES OF THE AUTHORITY;

(17)    TO CONTRACT FOR THE USE OF SERVICES, EQUIPMENT, OR SPACE
NEEDS FROM GOVERNMENTAL AGENCIES;

(18)    TO EXERCISE ANY POWER POSSESSED BY PRIVATE CORPORATIONS
IN PERFORMING SIMILAR FUNCTIONS, WHICH IS NOT IN CONFLICT WITH FEDERAL,
STATE, OR COUNTY LAW; AND

(19)    TO DO ALL THINGS NECESSARY AND CONVENIENT TO CARRY OUT
THE POWERS AND DUTIES SET FORTH IN THIS SUBTITLE.

26.107.

(A) (1) ON OR BEFORE OCTOBER 30 OF EACH YEAR, THE AUTHORITY SHALL
SUBMIT AN ECONOMIC DEVELOPMENT PLAN OR AN UPDATE TO THE EXISTING PLAN
TO THE COUNTY EXECUTIVE FOR THE EXECUTIVE'S APPROVAL.

(2) THE ECONOMIC DEVELOPMENT PLAN:

(I) SHALL INCLUDE AN ANNUAL WORK PROGRAM FOR THE NEXT
FISCAL YEAR WITH A PROPOSED LEVEL OF FUNDING;                               

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