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§ 3. Sale of State's interest

West's Annotated Code of MarylandConstitution of Maryland Adopted by Convention of 1867

West's Annotated Code of Maryland
Constitution of Maryland Adopted by Convention of 1867
Article XII. Public Works
MD Constitution, Art. 12, § 3
§ 3. Sale of State's interest
(a) The Board of Public Works is hereby authorized, subject to such regulations and conditions as the General Assembly may from time to time prescribe, to sell the State's interest in all works of Internal Improvement, whether as a stockholder or a creditor, and also the State's interest in any banking corporation, receiving in payment the bonds and registered debt now owing by the State, equal in amount to the price obtained for the State's said interest.
(b) The Board of Public Works may not approve the sale, transfer, exchange, grant, or other permanent disposition of any State-owned outdoor recreation, open space, conservation, preservation, forest, or park land without the express approval of the General Assembly or of a committee that the General Assembly designates by statute, resolution, or rule.

Credits

Acts 1890, c. 362, ratified Nov. 3, 1891. Amended by Acts 2005, c. 617, § 1, ratified Nov. 7, 2006.
MD Constitution, Art. 12, § 3, MD CONST Art. 12, § 3
Current through all legislation from the 2022 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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