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Md. Code Ann., Econ. Dev. § 5-410

Known as the Maryland Industrial Development Financing Authority Act

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

(a) (1) Five members of the Authority are a quorum.

(2) An affirmative vote of at least four members is needed for the Authority to act.

(b) The Authority shall determine the times and places of its meetings.

(c) A member of the Authority:

(1) is not entitled to compensation as a member of the Authority; but

(2) is entitled to reimbursement for expenses under the Standard State Travel Regulations, as provided in the State budget.

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