Section 10-306 - Established.
§ 10-306. Established.
(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.
[An. Code 1957, art. 43C, §§ 4(a), 17; 2008, ch. 306, § 2.]