Section 10-408 - Duties and powers - In general(a) The Corporation shall adopt regulations establishing: (1) the investment committee;(2) the responsibilities of the investment committee; and(3) the procedures for the appointment of investment committee members.(b) The Corporation 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;(7) acquire, purchase, hold, lease as lessee, and use: (i) a franchise, patent, or license;(ii) any real, personal, mixed, tangible, or intangible property; or(iii) an interest in the property listed in this item;(8) sell, lease as lessor, transfer, license, assign, or dispose of property or a property interest that it acquires;(9) fix and collect rates, rentals, fees, royalties, and charges for services and resources it provides or makes available;(10) 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;(11) subject to a written agreement, provide administrative support and services to an entity described under item (10) of this subsection and receive compensation for providing the support and services;(12) exercise power usually possessed by a private corporation in performing similar functions unless to do so would conflict with State law; and(13) do all things necessary or convenient to carry out the powers granted by this subtitle.Amended by 2024 Md. Laws, Ch. 627,Sec. 1, eff. 10/1/2024.Amended by 2024 Md. Laws, Ch. 626,Sec. 1, eff. 10/1/2024.Amended by 2020 Md. Laws, Ch. 580, Sec. 1, eff. 10/1/2020.Amended by 2019 Md. Laws, Ch. 488, Sec. 1, eff. 6/1/2019.Amended by 2019 Md. Laws, Ch. 487, Sec. 1, eff. 6/1/2019.Amended by 2015 Md. Laws, Ch. 141, Sec. 2, eff. 10/1/2015.