Section 5-437 - Authorized purpose obligation not exceeding $250,000(a) The Authority may authorize the Executive Director of the Authority to approve, on behalf of the Authority, financial assistance under § 5-431 of this subtitle not exceeding the aggregate amount of $250,000 for a single transaction.(b) An approval by the Executive Director under this section:(1) is subject to concurrence of the Secretary, the Secretary's designee, or the chair of the Authority;(2) shall comply with the requirements of this subtitle; and(3) is binding on the Authority.