(a) The Corporation shall adopt regulations establishing: (1) the investment committee; (2) the responsibilities of the investment committee; and (3) the procedures for the appointment of investment committee members. (b) The Corporation may: (1) adopt bylaws for the conduct of its business; (2) adopt a seal; (3) maintain offices at a place it designates in the State; (4) accept loans, grants, or assistance of any kind from the federal or State government, a local government, a college or university, or a private source; (5) enter into contracts and other legal instruments; (6) sue or be sued; (7) acquire, purchase, hold, lease as lessee, and use: (i) a franchise, patent, or license; (ii) any real, personal, mixed, tangible, or intangible property; or (iii) an interest in the property listed in this item; (8) sell, lease as lessor, transfer, license, assign, or dispose of property or a property interest that it acquires; (9) fix and collect rates, rentals, fees, royalties, and charges for services and resources it provides or makes available; (10) create, own, control, or be a member of a corporation, limited liability company, partnership, or other entity, whether operated for profit or not for profit; (11) subject to a written agreement, provide administrative support and services to an entity described under item (10) of this subsection and receive compensation for providing the support and services; (12) exercise power usually possessed by a private corporation in performing similar functions unless to do so would conflict with State law; and (13) do all things necessary or convenient to carry out the powers granted by this subtitle.
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