Section 5-406 - Established.
§ 5-406. Established.
(a) In general.- There is a Maryland Industrial Development Financing Authority in the Department.
(b) Status.- The Authority is a body politic and corporate and is an instrumentality of the State.
(c) Essential governmental function.- The exercise by the Authority of power under this subtitle is the performance of an essential governmental function.
[An. Code 1957, art. 83A, §§ 5-904, 5-910(b); 2008, ch. 306, § 2.]