Md. Code Ann., Econ. Dev. § 13-612
Redline — January 1, 2019 → current.View current text →
Current — January 1, 2022
As of January 1, 2019
(a) In this section, “property manager” means an entity responsible for the management and maintenance of real property, including:
(1) finding tenants;
(2) collecting rent;
(3) paying expenses and applicable taxes;
(4) maintaining utilities and systems; and
(5) taking any necessary actions to manage and operate real property.
(b) The Council may operate in the region.
(c) The Council may: (1) adopt a seal; (2) sue; (3) adopt bylaws and rules for the conduct of its business; (4) enter into contracts and agreements; (5) borrow money and accept advances, loans, grants, contributions, and any other form of assistance from the federal government, the State, or other public or private source; (6) give any required security; (7) include in any contract for financial assistance with the federal government any reasonable and appropriate condition imposed under federal law that is not inconsistent with the purposes of this subtitle; (8) execute any instrument and act as necessary, convenient, or desirable to carry out its powers and the purposes of this subtitle; and (9) act as a property manager of the Southern Maryland Regional Agricultural Center owned by and located within St. Mary’s County.
(d) The Council shall publish its rules.
Official source: Maryland General Assembly. Reproduced from public-domain Maryland statutes; confirm against the official source for the current text. Not legal advice.