The Authority may:

1. (1) adopt bylaws for the conduct of its business;
2. (2) adopt a seal;
3. (3) sue or be sued;
4. (4) maintain an office at a place it designates in Baltimore City;
5. (5) make or accept and manage loans, grants, or assistance of any kind from the federal or State government, a local government, a college or university, a charitable institution, a nonprofit organization, a for-profit organization, or a private source;
6. (6) make grants to individuals;

7. (7) acquire properties in Baltimore City, directly or indirectly, from a person or political subdivision, to improve, manage, market, maintain, or lease, from a person or political subdivision for residential, commercial, or industrial development or redevelopment, including comprehensive renovation or rehabilitation of the land or property on terms the Authority considers reasonable to operate a project in Baltimore City, by:

   1. (i) purchase;
   2. (ii) gift;
   3. (iii) interest;
   4. (iv) condemnation;
   5. (v) eminent domain, except for owner-occupied residential properties;
   6. (vi) tax sale;
   7. (vii) foreclosure;
   8. (viii) receivership;
   9. (ix) in rem foreclosure proceedings;
   10. (x) easement, or any other interest in land;
   11. (xi) lease; and
   12. (xii) rent;

8. (8) acquire, purchase, hold, lease as lessee, and use:

   1. (i) a franchise, patent, or license;
   2. (ii) any real, personal, mixed, tangible, or intangible property; or
   3. (iii) an interest in the property listed in this item;
9. (9) finance all or part of the acquisition or improvement of a project;
10. (10) sell, lease as lessor, transfer, license, assign, or dispose of property or a property interest that the Authority acquires;
11. (11) fix and collect rates, rentals, fees, royalties, and charges for services and resources the Authority provides or makes available;
12. (12) enter into contracts with any federal, State, or local government agency, a governmental unit, a college or university, charitable institutions, or a private entity or party;
13. (13) exercise power usually possessed by a private corporation in performing similar functions unless to do so would conflict with State law;
14. (14) with the owner's permission, enter lands or premises to make a survey, a sounding, a boring, or an examination to accomplish the purpose authorized by this subtitle;
15. (15) create, own, control, or be a member of a corporation, limited liability company, partnership, or any other entity;
16. (16) create a special district benefit for the commercial businesses in the target area;
17. (17) open a bank account with a national or local federally insured financial institution;
18. (18) set salaries in accordance with the jurisdiction market rate and outside the State Personnel and Pension System;
19. (19) create a forum for stakeholders to come together on creating a 20-year comprehensive plan around economic, housing, transportation, neighborhood, and green space development within the target zone;
20. (20) serve as a clearinghouse and resource center for promoting coordination and communication on development opportunities for the West North Avenue Corridor;
21. (21) ensure money is being spent effectively and efficiently on development and that development is happening in the appropriate way for the West North Avenue Corridor;
22. (22) provide advisory services to State and Baltimore City agencies on planning and development for the target area;
23. (23) initiate, fund, and monitor for efficiency and effectiveness economic, housing, transportation, neighborhood, and green space development within the target area;
24. (24) make rules and regulations for the operation and use of land, property, and undertakings under the Authority's jurisdiction; and
25. (25) do all things necessary or convenient to carry out the powers expressly granted by this subtitle.

Added by Acts 2025, c. 215, § 3, eff. April 22, 2025; Acts 2025, c. 216, § 3 eff. April 22, 2025.