to the Maryland Health and Higher Educational Facilities Authority Website.
Authority is a public instrumentality of the State of Maryland. The purpose of
the Authority is to assist nonprofit hospitals and related health care organizations
as well as private noncollegiate and higher educational institutions in the construction,
financing and refinancing of certain projects approved by the Authority.
Authority consists of nine members, one of whom shall be the Treasurer of the
State of Maryland, ex officio, and eight of whom shall be residents of the State
appointed by the Governor. All Authority members serve without compensation
but are entitled to reimbursement for actual and necessary expenses incurred in
the performance of their duties. Subject to the approval of the Governor,
the Authority appoints an Executive Director to assume responsibility for day-to-day
general management of the Authority's affairs.
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