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§ 11-315. Powers--In general

West's Annotated Code of MarylandEconomic DevelopmentEffective: October 1, 2008

West's Annotated Code of Maryland
Economic Development (Refs & Annos)
Division II. Independent and Regional Development Units and Resources [Titles 9-End] (Refs & Annos)
Title 11. Military Installation Support (Refs & Annos)
Subtitle 3. Local Redevelopment Authorities (Refs & Annos)
Effective: October 1, 2008
MD Code, Economic Development, § 11-315
§ 11-315. Powers--In general
The authority may:
(1) adopt bylaws for the conduct of its business;
(2) adopt a seal;
(3) maintain offices in the State;
(4) accept loans, grants, or assistance of any kind from the federal or State government, a local government, or a private source;
(5) enter into contracts and other legal instruments;
(6) sue and be sued in its own name;
(7) acquire, purchase, hold, lease as lessee, and use any franchise, patent, or license and real, personal, mixed, tangible, or intangible property, or any interest in property, necessary or convenient to carry out its purposes;
(8) sell, lease as lessor, transfer, and dispose of its property or interest in property;
(9) fix and collect rates, rentals, fees, and charges for services and facilities the authority provides or makes available;
(10) with the owner's permission, enter land, waters, or premises to make a survey, sounding, boring, or examination to accomplish a purpose authorized by this subtitle;
(11) exercise a power usually possessed by a private corporation in performing similar functions, unless to do so would conflict with State law or unless the action or decision of the authority would impose liability on the State or any county; and
(12) do all things necessary or convenient to carry out the powers expressly granted by this subtitle.

Credits

Added by Acts 2008, c. 306, § 2, eff. Oct. 1, 2008.
MD Code, Economic Development, § 11-315, MD ECON DEV § 11-315
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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