Section 10-1006 - [Expires 7/1/2029] PowersThe Authority may:
(1) adopt bylaws for the conduct of its business;(3) maintain offices at a place it designates in the State;(4) accept loans, grants, or assistance of any kind from the federal or State government, a local government, a college or university, or a private source;(5) enter into contracts and other legal instruments;(6) retain, employ, or hire an independent firm for the purpose of operating and managing live horse racing in the State;(8) acquire, purchase, hold, lease as lessee, and use:(i) a franchise, patent, or license;(ii) stock or other forms of ownership interests in corporations, limited liability companies, partnerships, or other entities, whether operated for profit or not for profit;(iii) any real, personal, mixed, tangible, or intangible property; or(iv) an interest in a property listed under this item;(9) sell, lease as lessor, transfer, license, assign, or dispose of property or a property interest that it acquires;(10) fix and collect rates, rentals, fees, royalties, and charges for services and resources it provides or makes available;(11) 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;(12) exercise power usually possessed by a private corporation in performing similar functions unless to do so would conflict with State law;(13) assist with the advertising and promotion of horse racing interests; and(14) do all things necessary or convenient to carry out the powers granted by this subtitle.Added by 2023 Md. Laws, Ch. 111, Sec. 2, eff. 6/1/2023, exp. 7/1/2029.