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§ 10-211. Powers and duties--Property

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 10. Statewide Development Resources and Revenue Authorities (Refs & Annos)
Subtitle 2. Maryland Food Center Authority (Refs & Annos)
Effective: October 1, 2008
MD Code, Economic Development, § 10-211
§ 10-211. Powers and duties--Property
Currentness
Acquisition--In general
(a) The Authority may acquire in its own name property, franchises, and licenses by:
(1) purchase on terms and conditions and in the manner the Authority considers appropriate; or
(2) condemnation for public use in accordance with applicable law.
Acquisition--Property owned by political subdivision
(b)(1) If the Authority considers it expedient to establish or construct a development or project on any land, street, alley, or public place that is owned by a political subdivision, the political subdivision may:
(i) lease the land, street, alley, or public place to the Authority on terms agreed to by the Authority and the political subdivision; or
(ii) convey title to the land, street, alley, or public place to the Authority on payment to the political subdivision of the reasonable value of the property, as determined by the Authority and the political subdivision, in cash or bonds of the Authority at par.
(2)(i) Notwithstanding paragraph (1) of this subsection, a political subdivision may lease or convey to the Authority without consideration any property that is owned by the political subdivision and suitable for use by the Authority for the purposes of this subtitle.
(ii) A lease or conveyance under this paragraph requires approval by the political subdivision or, for Baltimore City, by the Board of Estimates.
(3) Before an acquisition under this subsection, the Authority, on request of a political subdivision, shall remove or relocate at the expense of the Authority any public utility facilities, whether publicly or privately owned or operated, located on the property.
Limitation--On acquisition of site
(c) The Authority may not acquire a site under this section for the establishment or construction of a development, or establish or construct a development on a site, unless the site is approved:
(1) for Baltimore City, by the Board of Estimates; and
(2) for any other political subdivision, by the county commissioners, county executive, or in a charter county without a county executive, the county council, or in a municipal corporation, by its governing body.
Limitation--On acceptance of and payment for property
(d) The Authority need not accept and pay for any property or rights it acquires except from money provided under this subtitle.

Credits

Added by Acts 2008, c. 306, § 2, eff. Oct. 1, 2008. Amended by Acts 2008, c. 307, § 1, eff. Oct. 1, 2008.
MD Code, Economic Development, § 10-211, MD ECON DEV § 10-211
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.
End of Document