Section 10-306 - Established(a) There is a Maryland Health and Higher Educational Facilities Authority.(b) The Authority is a body politic and corporate and is an instrumentality of the State.(c) The exercise of a power under this subtitle is the performance of an essential governmental function.(d) The exercise of a power under this article is:(1) for the benefit of the people of the State;(2) to increase their commerce, welfare, and prosperity; and(3) to improve their health, education, and living conditions.