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PARRIS N. GLENDENING, Governor
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Ch. 365
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(12) Make grants to or provide equity investment financing for
technology-based businesses;
(13) Engage any necessary accountants, engineers, financial advisors, or
other consultants;
(14) With the approval of the Attorney General, who shall otherwise be
the legal advisor to the Corporation, engage any necessary lawyers;
(15) CREATE, OWN, CONTROL, OR BE A MEMBER OF, A CORPORATION,
LIMITED LIABILITY COMPANY, PARTNERSHIP, OR OTHER ENTITY, WHETHER
OPERATED FOR PROFIT OR NOT FOR PROFIT;
(16) ENTER INTO A PROJECT WITH A MANUFACTURER TO CARRY OUT THE
PURPOSES OF THE CORPORATION;
[(15)] (16) (17) Do all things necessary and convenient to carry out the
powers granted by this subtitle; and
[(16)] (18) Exercise any power USUALLY POSSESSED BY A PRIVATE
CORPORATION IN PERFORMING SIMILAR FUNCTIONS, which is not in conflict with the
Constitution and the laws of this State.
(b) Colleges and universities may:
(1) Contract with the Corporation or its subsidiaries, if any;
(2) Assign to the Corporation or its subsidiaries, if any, intellectual
property and other resources to assist in its development and activities; and
(3) Assign faculty and staff to the Corporation.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
October 1, 2002.
Approved May 6, 2002.
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CHAPTER 365
(House Bill 417)
AN ACT concerning
Cecil County - Public Facilities Bonds
FOR the purpose of authorizing and empowering the County Commissioners of Cecil
County, from time to time, to borrow not more than $5,000,000 in order to
finance the cost of the construction and improvement of certain public facilities
in Cecil County and to effect that borrowing by the issuance and sale at public or
private sale of its general obligation bonds in like amount; empowering the
County to fix and determine, by resolution, the form, tenor, interest rate or rates
or method of determining the same, terms, conditions, maturities, and all other
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- 2935 -
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