- (a) There is a Maryland Industrial Development Financing Authority in the Department.
- (b) The Authority is a body politic and corporate and is an instrumentality of the State.
- (c) The exercise by the Authority of power under this subtitle is the performance of an essential governmental function.
Added by Acts 2008, c. 306, § 2, eff. Oct. 1, 2008. Amended by Acts 2022, c. 116, § 1, eff. July 1, 2022.