Ex officio: Nancy K. Kopp, State Treasurer
Annette Anselmi, Executive Director
![[photo, World Trade Center (a pentagonal building), 401 East Pratt St., Baltimore, Maryland]](/msa/mdmanual/36loc/bcity/images/1198-1-2603.jpg)
World Trade Center Baltimore, Suite 1224
World Trade Center (a pentagonal building), 401 East Pratt St., Baltimore, Maryland, February 2008. Photo by Diane F. Evartt.
![[photo, World Trade Center (a pentagonal building), 401 East Pratt St., Baltimore, Maryland]](/msa/mdmanual/01glance/images/i006153a.jpg)
In 1970, the Maryland Health and Higher Educational Facilities Authority was created (Chapter 408, Acts of 1970). The Authority assists hospitals, related health-care organizations, and educational institutions with financing for construction, site acquisition, and capital equipment. Private nonprofit health and higher educational facilities may use the Authority as a vehicle to issue tax-exempt bonds and thereby pay a lower rate of interest.
The Authority is funded from interest earnings on investments, and fees charged to participating borrowers.
Nine members constitute the Authority. Eight are appointed to five-year terms by the Governor. The State Treasurer serves ex officio. Annually, the Governor designates the chair and vice-chair. With the Governor's approval, the Authority names the Executive Director (Code Economic Development Article, secs. 10-301 through 10-356).
World Trade Center, 401 East Pratt St., Baltimore, Maryland, August 2001. Photo by Diane F. Evartt.
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