§ 10-410. Powers -- Projects

Latest version.

   The Corporation may:

   (1) 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;

   (2) 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 it considers reasonable; and

   (3) enter into a project with a manufacturer to carry out its purposes.

HISTORY: An. Code 1957, art. 83A, § 5-2A-04(a)(7), (10), (16); 2008, ch. 306, § 2.

                    
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