1. (a) The Authority may:

   1. (1) adopt bylaws for the conduct of its business;
   2. (2) sue and be sued;
   3. (3) adopt a seal;
   4. (4) maintain an office at a place it designates;
   5. (5) issue bonds in accordance with this subtitle;
   6. (6) accept a grant, loan, or other assistance in any form from any public or private source, subject to the provisions of this subtitle;
   7. (7) charge to and equitably allocate among participating institutions the administrative costs and expenses of carrying out this subtitle; and
   8. (8) do all things necessary or convenient to carry out the powers expressly granted by this subtitle.

2. (b)

   1. (1) A health care institution may not use any money received from a bond issued by the Authority to match any State loan or grant that is available for improvement of a health care institution.
   2. (2) The Authority shall comply with the terms and conditions of assistance received in accordance with subsection (a)(6) of this section.
3. (c) The Authority may delegate to a member or officer a power granted to the Authority by this subtitle, including the power to execute a bond, certificate, deed, lease, mortgage, agreement, or other document or instrument.

Added by Acts 2008, c. 306, § 2, eff. Oct. 1, 2008.