Current with changes from the 2024 Legislative Session
The Corporation may:
(1) provide equity investment to a qualified business or project in the form of a grant, loan, tax credit allocation, or any other form of financial assistance to carry out its purposes;(2) acquire, develop, improve, manage, market, license, sublicense, maintain, lease as lessor or lessee, or operate a project in the State to carry out its purposes; and(3) acquire, directly or indirectly, from a person or political subdivision, by purchase, gift, or devise, any property, rights-of-way, franchises, easements, or other interests in land, including submerged land and riparian rights: (i) as necessary or convenient to improve or operate a project to carry out its purposes; and(ii) on the terms and at the prices that the Corporation considers reasonable.Added by 2024 Md. Laws, Ch. 123,Sec. 1, eff. 7/1/2024.