// EFFECTIVE UNTIL JUNE 30, 2027 PER CHAPTER 111 OF 2023 // The Authority 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) retain, employ, or hire an independent firm for the purpose of operating and managing live horse racing in the State; (7) sue or be sued; (8) acquire, purchase, hold, lease as lessee, and use: (i) a franchise, patent, or license; (ii) stock or other forms of ownership interests in corporations, limited liability companies, partnerships, or other entities, whether operated for profit or not for profit; (iii) any real, personal, mixed, tangible, or intangible property; or (iv) an interest in a property listed under this item; (9) sell, lease as lessor, transfer, license, assign, or dispose of property or a property interest that it acquires; (10) fix and collect rates, rentals, fees, royalties, and charges for services and resources it provides or makes available; (11)

sign, or dispose of property or a property interest that it acquires; (10) fix and collect rates, rentals, fees, royalties, and charges for services and resources it provides or makes available; (11) 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; (12) exercise power usually possessed by a private corporation in performing similar functions unless to do so would conflict with State law; (13) assist with the advertising and promotion of horse racing interests; and (14) do all things necessary or convenient to carry out the powers granted by this subtitle.