§ 10-306. Established

Latest version.

   (a) In general. -- There is a Maryland Health and Higher Educational Facilities Authority.

(b) Status. -- The Authority is a body politic and corporate and is an instrumentality of the State.

(c) Essential governmental function. -- The exercise of a power under this subtitle is the performance of an essential governmental function.

(d) Public benefit. -- 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.

HISTORY: An. Code 1957, art. 43C, § 4(a), 17; 2008, ch. 306, § 2.

                    
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