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S.B. 307
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VETOES
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(ii) Any real, personal, mixed, or tangible or intangible property; or
(iii) Any interest in the property listed in items (i) and (ii) of this
item;
(9) Sell, lease as a lessor, transfer, license, sublicense, assign, and
dispose of any property or interest in it at any time acquired by the Corporation;
(10) Acquire, either directly or indirectly, from any person or political
subdivision, by purchase, gift, or devise any lands, structures, property, whether real
or personal, rights-of-way, franchises, easements, and any other interests in lands,
including lands lying under water and riparian rights which it considers necessary or
convenient for the construction, improvement, rehabilitation, or operation of a project
to carry out its purposes, on any terms and at any prices that it considers reasonable;
(11) Fix, revise, and collect rates, rentals, fees, royalties, and charges for
the use of or for services and resources provided or made available by the
Corporation;
(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)] (17) (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.
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SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
October 1, 2002.
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- 4522 -
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