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Md. Code Ann., Econ. Dev. § 5-408

Known as the Maryland Industrial Development Financing Authority Act

The act spans §§ 5-401 to 5-466 (53 sections).

(a) The members of the Authority are also the members of the Maryland Economic Development Assistance Authority under § 5-306 of this title.

(b) The members of the Authority may act concurrently in their capacities as members of the Authority and of the Maryland Economic Development Assistance Authority.

(c) The members of the Authority shall carry out the powers and duties of the Authority under this subtitle whether acting:

(1) concurrently as members of the Authority and the Maryland Economic Development Assistance Authority; or

(2) as members of either authority alone.

Official source: Maryland General Assembly. Reproduced from public-domain Maryland statutes; confirm against the official source for the current text. Not legal advice.