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Md. Code Ann., Econ. Dev. § 5-411

Known as the Maryland Industrial Development Financing Authority Act

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

(a) (1) With the approval of the Secretary, the Authority shall appoint an Executive Director.

(2) The Executive Director serves at the pleasure of the Authority, with the concurrence of the Secretary.

(3) The position of Executive Director is a special appointment under the State Personnel and Management System.

(b) The Executive Director is the chief administrative officer of the Authority.

(c) The Executive Director shall:

(1) direct and supervise the administrative affairs and technical activities of the Authority;

(2) attend the meetings of the Authority;

(3) record the minutes of the proceedings of the Authority;

(4) approve all accounts for salaries, per diem payments, and allowable expenses of the Authority, its employees, and its consultants;

(5) approve all expenses incidental to the operation of the Authority;

(6) in cooperation with the Department, submit to the Authority reports and recommendations related to proposed financial assistance under this subtitle; and

(7) perform the other duties that the Secretary or the Authority requires to carry out this subtitle.

(d) The Executive Director is the resident agent of the Authority for the receipt of service made in accordance with the Maryland Rules.

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