§ 10-614. Miscellaneous powers -- Financing

   Subject to the approval of the Board of Public Works, the Authority may:

   (1) borrow money from any source for any corporate purpose, including working capital for its operations, reserve funds, or interest;

   (2) mortgage, pledge, or otherwise encumber the property or funds of the Authority;

   (3) contract for the services of any person in connection with any financing, including financial institutions, issuers of letters of credit, or insurers; and

   (4) receive and accept from any public or private source contributions, gifts, or grants of money or property and invest the money or property as a whole or in part.

HISTORY: FI § 13-708(a)(13), (15); 2008, ch. 306, § 2.