§ 9-905. Purposes of authorities

Latest version.

   An authority:

   (1) Is an instrumentality that exercises public and essential government functions;

   (2) Provides for the public health and welfare; and

   (3) May acquire, hold, construct, extend, repair, improve, operate, or lease as a lessor or lessee 1 or more projects that are wholly or partly within 1 or more of the member political subdivisions.

HISTORY: 1985, ch. 173, § 2.

                    
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