Maryland Governor - Executive and Administrative Departments Section 13-507

      The Corporation may:

            (1)      Adopt bylaws;

            (2)      Adopt a seal;

            (3)      Maintain offices at a place in the State that the Corporation designates;

            (4)      Apply for and accept loans, grants, or assistance in any form from federal, State, or local governments, colleges or universities, or private sources;

            (5)      Make, execute, and enter into any contracts or legal instruments;

            (6)      Sue or be sued;

            (7)      Acquire, construct, develop, manage, market, manufacture, license, sublicense, reconstruct, rehabilitate, improve, maintain, equip, lease as a lessor or as a lessee, repair, and operate any project in the State to carry out the purposes of the Corporation;

            (8)      Acquire, purchase, hold, lease as a lessee, and use a franchise, patent, or license and real, personal, mixed, or tangible or intangible property, or any interest in property;

            (9)      Sell, lease as a lessor, transfer, license, sublicense, assign, and dispose of any property or interest in property, necessary or convenient to carry out its purposes;

            (10)      Acquire, directly or indirectly, by purchase, gift, or devise, land, real or personal property, rights, rights-of-way, franchises, easements, and other interests in land, including land lying under water and riparian rights, located in or outside the State as necessary or convenient to construct, improve, rehabilitate, or operate a project, on terms and at prices the Corporation 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 agricultural and resource-based businesses;

            (13)      Engage any necessary accountants, engineers, financial advisors, and other consultants;

            (14)      With the approval of the Attorney General, 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;

            (17)      Exercise a power usually possessed by a private corporation in performing similar functions unless to do so would conflict with the laws of the State; and

            (18)      Do anything necessary or convenient to carry out the powers granted by this subtitle.