(a) In order to provide public school facilities, the board may: (1) Directly or through the Maryland Stadium Authority acting as its designated agent, acquire, construct, reconstruct, equip, maintain, repair, or renovate facilities at any location in the City of Baltimore, now existing or hereafter acquired and enter into contracts with public or private entities in order to accomplish the acquisition, construction, reconstruction, equipping, maintenance, repair, or renovation; (2) Issue bonds in accordance with § 4-306.2 of this subtitle; (3) In accordance with State law and the June 24, 1998, memorandum of understanding between the board and the Mayor and City Council of Baltimore, acquire, hold, and dispose of real and personal property in the exercise of its powers and the performance of its duties under this subtitle; (4) Enter into all contracts and agreements necessary or incidental to the performance of its duties and the execution of its powers under this subtitle, employ consulting engineers, architects, attorneys, construction and financial experts, and other employees and agents, and determine their compensation; (5) Receive and accept from the United States of America or any agency of the federal government grants and loans for the purpose of financing or refinancing all or any part of the costs of any project; (6) Receive and accept aid or contributions from any sources of money, property, labor, or other things of value, to be held, used, and applied for the purposes for which the grants and contributions were made; and (7) Perform all acts and things necessary to carry out the powers expressly granted by the provisions of this subtitle. (b) The board shall maintain records identifying the sources and amounts of payments used to support the costs of any project authorized under the provisions of this subtitle.
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