Section 9-905 - Purposes of authorities.
§ 9-905. Purposes of authorities.
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.
[1985, ch. 173, § 2.]