reglab/statecodes huggingface dataset:
2023 Maryland Statutes › Economic Development › Division II - Independent and Regional Development Units and Resources › Title 10 - Statewide Development Resources and Revenue Authorities › Subtitle 1 - Maryland Economic Development Corporation › Section 10-130 - Dorchester County Economic Development Fund

(a)    In this section, “Fund” means the Dorchester County Economic Development Fund.
(b)    There is a Dorchester County Economic Development Fund in the Corporation.
(c)    (1)    The Fund is a continuing, nonlapsing fund that is not subject to reversion under § 7–302 of the State Finance and Procurement Article.
(2)    The Corporation shall manage and administer the Fund on terms and conditions acceptable to the Corporation and the Department.
(3)    The Comptroller shall account and collect for the Fund and disburse the revenues to the trustee maintaining the Fund for the Corporation.
(4)    Any investment earnings of the Fund shall be paid into the Fund.
(d)    The Fund consists of revenues from the hotel surcharge imposed under § 11-102(b) of the Tax - General Article.
(e)    (1)    The Fund shall be used to:
(i)    complete the Corporation project commonly known as the Chesapeake Bay Conference Center; and
(ii)    satisfy the full and final settlement of pending construction claims related to the project and any bonds issued in connection with those claims.
(2)    The Fund may be pledged by the Corporation to pay bonds issued to satisfy the full and final settlement of pending construction claims on the project.
2023 Maryland Statutes › Economic Development › Division II - Independent and Regional Development Units and Resources › Title 10 - Statewide Development Resources and Revenue Authorities › Subtitle 1 - Maryland Economic Development Corporation › Section 10-132 - Audit

(a)    (1)    As soon as practical after the close of the fiscal year, an independent certified public accountant shall audit the financial books, records, and accounts of the Corporation.
(2)    The audit shall include revenue and expense detail for each of the operating facilities of the Corporation.
(3)    The Corporation shall select an accountant to conduct the audit who:
(i)    is licensed to practice accountancy in the State;
(ii)    is experienced and qualified in the accounting and auditing of public entities; and
(iii)    does not have a direct or indirect personal interest in the fiscal affairs of the Corporation.
(4)    (i)    Except as provided in subparagraph (ii) of this paragraph, on or before November 1 after each fiscal year, the accountant shall report the results of the audit, including the accountant’s unqualified opinion of the presentation of the financial position of the funds of the Corporation, individual financial detail for each of the operating facilities of the Corporation, and the results of the financial operations of the Corporation.
(ii)    If the accountant cannot express an unqualified opinion, the accountant shall explain in detail the reasons for the qualifications, disclaimers, or opinions, including recommendations for changes that could make future unqualified opinions possible.
(b)    The State may audit the books, records, and accounts of the Corporation.
2023 Maryland Statutes › Economic Development › Division II - Independent and Regional Development Units and Resources › Title 10 - Statewide Development Resources and Revenue Authorities › Subtitle 1 - Maryland Economic Development Corporation › Section 10-133 - Annual Report

(a)    On or before October 1 of each year, the Corporation shall submit a report to the Governor, the Maryland Economic Development Commission, and, in accordance with § 2–1257 of the State Government Article, the General Assembly.
(b)    The report shall include a complete operating and financial statement and summarize the activities of the Corporation during the preceding fiscal year.
2023 Maryland Statutes › Economic Development › Division II - Independent and Regional Development Units and Resources › Title 10 - Statewide Development Resources and Revenue Authorities › Subtitle 2 - Maryland Food Center Authority › Section 10-202 - Construction and Purpose of Subtitle

(a)    This subtitle shall be liberally construed to accomplish its purposes.
(b)    The establishment of developments and projects under this subtitle is:
(1)    for the benefit of the residents of the State and its political subdivisions; and
(2)    a public purpose.
2023 Maryland Statutes › Economic Development › Division II - Independent and Regional Development Units and Resources › Title 10 - Statewide Development Resources and Revenue Authorities › Subtitle 2 - Maryland Food Center Authority › Section 10-205 - Established

(a)    There is a Maryland Food Center Authority.
(b)    The Authority is a body politic and corporate and an instrumentality of the State.
(c)    The exercise by the State, a political subdivision of the State, or the Authority of a power under this subtitle is the performance of an essential governmental function.
(d)    (1)    The Authority consists of 12 members.
(2)    (i)    Each member shall be a resident of the State.
(ii)    One member shall reside in Howard County.
(3)    Of the 12 members:
(i)    four shall be ex officio members:
1.    the Director of Agricultural Extension;
2.    the Comptroller;
3.    the Secretary of Agriculture; and
4.    the Secretary of General Services; and
(ii)    eight shall be outstanding residents appointed by the Governor with the advice and consent of the Senate.
(e)    (1)    The term of an appointed member is 5 years.
(2)    At the end of a term, an appointed member continues to serve until a successor is appointed and qualifies.
(3)    A member who is appointed after a term has begun serves only for the rest of the term and until a successor is appointed and qualifies.
(f)    (1)    Thirty days after giving written notice to the member, the Governor may remove an appointed member for inefficiency, neglect, or misconduct.
(2)    The member is entitled to a hearing before the Governor, if a written request for a hearing is made to the Governor no later than 10 days after receiving the notice.
(3)    If a member is removed, the Governor shall promptly appoint a successor.
(g)    (1)    From among its members, the Authority shall elect a chair and a vice chair.
(2)    The Authority shall elect a secretary–treasurer who need not be a member of the Authority.
(h)    (1)    The Authority shall meet at least quarterly.
(2)    At least 10 days before each meeting, written notice of the meeting shall be given to each member of the Authority.
(i)    Seven members of the Authority are a quorum.
(j)    (1)    A majority vote of the members present at a meeting having a quorum is needed for the Authority to act.
(2)    An ex officio voting member may designate another individual to vote in that member’s absence.
(k)    (1)    The Authority may pay an appointed member up to $1,000 a year on a per diem basis for services.
(2)    A member of the Authority is entitled to reimbursement for expenses under the Standard State Travel Regulations.
(3)    Reimbursement and compensation under this subsection may only be paid from money provided under this subtitle.
(l)    The Authority shall adopt rules and regulations necessary for the conduct of its affairs.
2023 Maryland Statutes › Economic Development › Division II - Independent and Regional Development Units and Resources › Title 10 - Statewide Development Resources and Revenue Authorities › Subtitle 2 - Maryland Food Center Authority › Section 10-207 - Applicability of Laws

(a)    Except as otherwise provided in this subtitle, the Authority:
(1)    is not subject to the following provisions of the State Finance and Procurement Article:
(i)    Title 2, Subtitles 4 (Water and Sewerage Systems) and 5 (Facilities for the Handicapped);
(ii)    Title 4, Subtitles 7 (State Board of Architectural Review) and 8 (Energy);
(iii)    §§ 5A–304 and 5A–305 (Historic Landmarks; certain architectural easements);
(iv)    § 7–114.1 (Archeological Costs);
(v)    §§ 8–127, 8–128, and 8–129 (Certain Restrictions on State General Obligation Debt);
(vi)    Part V of Title 8, Subtitle 1 (State Revenue Anticipation Notes);
(vii)    Title 10 (Board of Public Works – Miscellaneous Provisions); and
(viii)    Division II of the State Finance and Procurement Article (General Procurement Laws); and
(2)    may construct developments and projects without obtaining the consent of any other unit of State government and without any proceeding, the satisfaction of any condition, or the occurrence of any event.
(b)    (1)    In carrying out its duties relating to developments and projects, the Authority shall comply with Title 14, Subtitle 3 of the State Finance and Procurement Article (Minority Business Participation).
(2)    The Authority shall take affirmative steps to include minority businesses in its markets to at least the same extent as applicable to a procurement subject to Title 14, Subtitle 3 of the State Finance and Procurement Article.
(c)    A development or project is subject to applicable State health laws and regulations of the Secretary of Health and the Secretary of the Environment.
(d)    A development or project is subject to all zoning and subdivision regulations of the political subdivision in which the development or project is located.
2023 Maryland Statutes › Economic Development › Division II - Independent and Regional Development Units and Resources › Title 10 - Statewide Development Resources and Revenue Authorities › Subtitle 2 - Maryland Food Center Authority › Section 10-209 - Powers and Duties -- in General

(a)    The Authority may:
(1)    sue and be sued;
(2)    adopt a seal;
(3)    acquire, hold, and dispose of property for its corporate purposes;
(4)    sell, lease, or otherwise convey, in any manner that the Authority considers appropriate, any property it owns to accomplish the purposes of this subtitle;
(5)    enter into contracts and leases, including contracts or leases relating to the construction, operation, maintenance, management, and use of developments and projects, concessions, stalls, auction houses, docking facilities, and other facilities, and execute any instrument necessary or convenient, on the terms and for any corporate purpose that the Authority considers advisable;
(6)    issue bonds in accordance with this subtitle;
(7)    use the proceeds of the bonds, other money available under this subtitle, or any grant or money from the State or federal government or any of their units or instrumentalities to accomplish the purposes of this subtitle;
(8)    borrow money for a corporate purpose and mortgage or otherwise encumber its property as security for the loan;
(9)    accept gifts, contributions, or loans of money, supplies, goods, and services, and accept appropriations, allotments, and loans of money from the State or federal government, a federal corporation, a unit or instrumentality of the federal government, or a political subdivision or instrumentality of the State;
(10)    exercise a power usually possessed by a private corporation in performing similar functions unless to do so would conflict with State law;
(11)    dredge approaches and acquire, construct, maintain, equip, and operate wharves, docks, piers, and other structures, and any facilities necessary for commerce; and
(12)    do all things necessary or convenient to carry out the powers expressly granted by this subtitle.
(b)    (1)    Subject to paragraph (2) of this subsection, the Authority may delegate any power or duty it considers appropriate to a member, an officer, an agent, or an employee of the Authority.
(2)    A contract is not binding on the Authority unless it is approved or authorized by a majority of the members of the Authority.
2023 Maryland Statutes › Economic Development › Division II - Independent and Regional Development Units and Resources › Title 10 - Statewide Development Resources and Revenue Authorities › Subtitle 2 - Maryland Food Center Authority › Section 10-210 - Powers and Duties -- Rules and Regulations

(a)    Subject to subsection (b) of this section, the Authority may adopt rules and regulations relating to:
(1)    the use of streets, alleys, driveways, and docking slips on the Authority’s property;
(2)    the establishment of parking areas on the Authority’s property; and
(3)    the safety and welfare of persons using the Authority’s property.
(b)    The rules and regulations that the Authority adopts may not be inconsistent with the laws governing the political subdivision in which a development is located.
2023 Maryland Statutes › Economic Development › Division II - Independent and Regional Development Units and Resources › Title 10 - Statewide Development Resources and Revenue Authorities › Subtitle 2 - Maryland Food Center Authority › Section 10-211 - Powers and Duties -- Property

(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.
(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.
(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.
(d)    The Authority need not accept and pay for any property or rights it acquires except from money provided under this subtitle.
2023 Maryland Statutes › Economic Development › Division II - Independent and Regional Development Units and Resources › Title 10 - Statewide Development Resources and Revenue Authorities › Subtitle 2 - Maryland Food Center Authority › Section 10-212 - Developments and Projects -- in General

(a)    The Authority may:
(1)    develop, establish, acquire, improve, own, operate, and maintain developments and projects in the State; and
(2)    pay the cost of developments or projects, including improvements to any waterways at a development or project, from:
(i)    the proceeds of bonds;
(ii)    other money available under this subtitle; or
(iii)    money from the State or federal government or any of their units or instrumentalities.
(b)    Construction of a development may not begin unless a comprehensive study establishes that the construction and operation of the development would be economically and environmentally sound.
(c)    Except for the Center, construction of a development may not begin unless:
(1)    an analysis of the economic benefits of the proposed development is submitted to the Legislative Policy Committee, in accordance with § 2-1257 of the State Government Article; and
(2)    the Legislative Policy Committee is given 45 days after receipt to comment on the proposal.
(d)    (1)    This subsection does not apply to facilities constructed on land leased or sold by the Authority to a private entity.
(2)    Before contracting to construct a facility at a development or project, the Authority shall solicit sealed bids.
(e)    (1)    All plans and any issue of bonds to finance a development or project require approval by the Board of Public Works by resolution before the bonds are sold.
(2)    All leases of real property and plans and contracts for the acquisition conveyance of real property require approval by the Board of Public Works.
2023 Maryland Statutes › Economic Development › Division II - Independent and Regional Development Units and Resources › Title 10 - Statewide Development Resources and Revenue Authorities › Subtitle 2 - Maryland Food Center Authority › Section 10-213 - Developments and Projects -- Wholesale Food Dealers and Tenants

(a)    The Authority may assist wholesale food dealers and tenants who want to locate or relocate their operations in a development or project if, in the judgment of the Authority:
(1)    the wholesale food dealers and tenants will provide the greatest opportunity of success for a development or project; and
(2)    the cost of the assistance is the most likely to be recouped.
(b)    To assist a wholesale food dealer or tenant, the Authority may:
(1)    acquire, by negotiation and purchase, the land, structures, equipment, or leases, or an interest in them, of the wholesale food dealer or tenant; and
(2)    pay the reasonable expenses of moving personal property that must be moved to locate or relocate the operations of the wholesale food dealer or tenant in a development or project.
2023 Maryland Statutes › Economic Development › Division II - Independent and Regional Development Units and Resources › Title 10 - Statewide Development Resources and Revenue Authorities › Subtitle 2 - Maryland Food Center Authority › Section 10-214 - Developments and Projects -- Rates and Charges

(a)    The Authority may:
(1)    fix and collect rates and charges for the use of the facilities of a development or project;
(2)    establish the terms and conditions for the use of the facilities; and
(3)    contract with a person for the person’s use of the facilities of a development or project.
(b)    The rates and charges under subsection (a) of this section shall be fixed and revised to provide appropriate revenues from a development or project, as the Authority determines.
(c)    The rates and charges under subsection (a) of this section are not subject to supervision or regulation by any other unit of the State or a political subdivision.
2023 Maryland Statutes › Economic Development › Division II - Independent and Regional Development Units and Resources › Title 10 - Statewide Development Resources and Revenue Authorities › Subtitle 2 - Maryland Food Center Authority › Section 10-215 - Developments and Projects -- Political Subdivision May Vacate

A political subdivision in which a development or project is located may:
(1)    vacate any street, alley, or other public place necessary to ensure the proper operation of the development or project and the full use of its facilities; and
(2)    grant to the Authority the exclusive right to use the vacated street, alley, or other public place for the purpose of the development or project on terms agreed to by the Authority and the political subdivision.
2023 Maryland Statutes › Economic Development › Division II - Independent and Regional Development Units and Resources › Title 10 - Statewide Development Resources and Revenue Authorities › Subtitle 2 - Maryland Food Center Authority › Section 10-216 - Developments and Projects -- Cleaning and Refuse

Subject to the terms and conditions agreed to by the Authority and the State or the political subdivision, the State or a political subdivision in which a development or project is located may provide for:
(1)    cleaning the development or project; and
(2)    removing and disposing of refuse from the development or project.
2023 Maryland Statutes › Economic Development › Division II - Independent and Regional Development Units and Resources › Title 10 - Statewide Development Resources and Revenue Authorities › Subtitle 2 - Maryland Food Center Authority › Section 10-217 - Financing Another

(a)    (1)    “Person” has the meaning stated in § 9-101 of this article.
(2)    “Person” also includes a public or quasi-public corporation.
(b)    Subject to subsection (c) of this section, the Authority may provide financing to a person to accomplish the purposes of this subtitle:
(1)    on property that is owned or otherwise held or controlled by the Authority or the State; or
(2)    on, under, or in property that is owned or otherwise held or controlled by any other person.
(c)    (1)    This subsection does not apply to an expenditure of money:
(i)    in connection with the acquisition of property or the preparation of plans;
(ii)    to the employment of staff of the Authority; or
(iii)    for other matters that customarily are preliminary to the commencement of construction.
(2)    If the Authority provides financing to a person to accomplish the purposes of this subtitle, the Authority may not expend any bond proceeds to acquire or improve a facility until the Authority, with the approval of the Board of Public Works, has entered into a binding contract with the person.
(3)    The contract shall:
(i)    be secured to the satisfaction of the Board of Public Works; and
(ii)    require the person to pay to the Authority or its designee:
1.    the principal of and interest on bonds sold under this subtitle as they become due;
2.    any fiscal agency charges for paying principal and interest;
3.    any charges or fees set by the Authority for its administrative costs and expenses; and
4.    any premium on bonds retired by call or purchased as provided in this subtitle.
(d)    The Authority may charge to and equitably apportion between persons financed by the Authority under this section all or part of the Authority’s administrative costs and expenses incurred in exercising its powers and performing its duties under this subtitle.
(e)    If property is transferred by the Authority to a person financed under this section, the person shall pay any State and local property taxes that accrue after the transfer.
2023 Maryland Statutes › Economic Development › Division II - Independent and Regional Development Units and Resources › Title 10 - Statewide Development Resources and Revenue Authorities › Subtitle 2 - Maryland Food Center Authority › Section 10-219 - Revenue Bonds -- Legal Investments

Bonds are securities:
(1)    in which any of the following persons may legally and properly invest money, including capital that the person owns or controls:
(i)    an officer or unit of the State or a political subdivision;
(ii)    a bank, trust company, savings and loan association, investment company, or other person conducting a banking business;
(iii)    an insurance company, insurance association, or other person conducting an insurance business;
(iv)    a personal representative, guardian, trustee, or other fiduciary; and
(v)    any other person; and
(2)    that may be deposited with and received by a unit of the State or a political subdivision for any purpose for which the deposit of bonds or other obligations of the State is authorized by law.
2023 Maryland Statutes › Economic Development › Division II - Independent and Regional Development Units and Resources › Title 10 - Statewide Development Resources and Revenue Authorities › Subtitle 2 - Maryland Food Center Authority › Section 10-220 - Bonds -- Liability; Faith and Credit

(a)    A bond is not a debt or a pledge of the faith and credit of the State or a political subdivision, and is payable solely from development or project revenues as provided in accordance with this subtitle.
(b)    Each bond shall state on its face that the Authority, the State, and a political subdivision of the State are not obliged to pay the principal of or interest on the bond except from the development or project revenues pledged to the payment of the bond.
2023 Maryland Statutes › Economic Development › Division II - Independent and Regional Development Units and Resources › Title 10 - Statewide Development Resources and Revenue Authorities › Subtitle 2 - Maryland Food Center Authority › Section 10-221 - Bonds -- Trust Agreement

(a)    (1)    The Authority may secure a bond by a trust agreement between the Authority and a corporate trustee.
(2)    A corporate trustee may be any trust company or bank that has the powers of a trust company in or outside the State.
(b)    The trust agreement or the resolution that provides for the issuance of a bond may:
(1)    provide for the protection and enforcement of rights and remedies of bondholders, including covenants setting forth the duties of the Authority in relation to:
(i)    acquisition, improvement, maintenance, operation, and insurance of the development or project; and
(ii)    custody, safeguarding, and application of money;
(2)    provide for the rights and remedies of bondholders and of the trustee;
(3)    restrict the individual right of action by bondholders as is customary in trust agreements securing bonds of corporations;
(4)    provide for the deposit of the proceeds of the sale of bonds and the revenue of a development or project with an officer, board, or depositary that the Authority designates as custodian; and
(5)    provide for the method of disbursing the proceeds and revenues with safeguards and restrictions that the Authority determines.
(c)    (1)    Except as provided in paragraph (2) of this subsection and § 10-222 of this subtitle, a trust agreement may pledge or assign revenues to be received from the development or project.
(2)    No portion of a development or project may be conveyed or mortgaged without the express consent of the Board of Public Works.
(d)    The trust agreement may authorize the use of money realized from the sale or disposition of any of the property of a development or project to pay principal of and interest on the bonds.
(e)    Expenses incurred in carrying out a trust agreement may be treated as part of the cost of maintenance, repair, and operation of a development or project.
(f)    A bank or trust company incorporated in the State may act as a depositary of the proceeds of the bonds or the revenues and furnish indemnity bonds or pledge securities as required by the Authority.
2023 Maryland Statutes › Economic Development › Division II - Independent and Regional Development Units and Resources › Title 10 - Statewide Development Resources and Revenue Authorities › Subtitle 2 - Maryland Food Center Authority › Section 10-222 - Bonds -- Proceeds; Sinking Fund

(a)    The Authority shall apply the proceeds of the bonds for the purposes for which the bonds are authorized.
(b)    (1)    The Authority shall set aside a sufficient amount of the revenues derived from a development or project in a sinking fund or other similar fund at regular intervals to the extent required in the trust agreement or resolution.
(2)    The sinking fund is pledged to paying:
(i)    the principal of and the interest on the bonds as they become due; and
(ii)    the redemption or purchase price of bonds retired by call or purchase as specified in the trust agreement or resolution.
(c)    To the extent provided in the trust agreement or resolution, the Authority may exclude from the amount to be deposited in the sinking fund the revenues that may be necessary or convenient:
(1)    to pay for maintenance, repair, and operation of a development or project;
(2)    for reserves; and
(3)    for improvements to a development or project.
(d)    (1)    The lien of the pledge of revenues under subsection (b) of this section is valid and binding from the time the pledge is made.
(2)    The lien of the pledge is valid and binding against each party with a claim against the Authority in tort, contract, or otherwise, regardless of whether the party has notice of the lien.
2023 Maryland Statutes › Economic Development › Division II - Independent and Regional Development Units and Resources › Title 10 - Statewide Development Resources and Revenue Authorities › Subtitle 2 - Maryland Food Center Authority › Section 10-223 - Bonds -- Combined Purposes

The Authority may authorize the issuance of a single issue of revenue bonds by resolution for the combined purposes of:
(1)    paying the cost of improvements of developments or projects; and
(2)    refunding bonds.
2023 Maryland Statutes › Economic Development › Division II - Independent and Regional Development Units and Resources › Title 10 - Statewide Development Resources and Revenue Authorities › Subtitle 2 - Maryland Food Center Authority › Section 10-224 - Bonds -- Enforcement of Rights and Duties

Except to the extent rights granted by this subtitle are restricted by resolution passed before the issuance of the bonds or by the trust agreement, a holder of a bond issued under this subtitle, or of any attached coupons, or a trustee under a trust agreement may sue to:
(1)    protect and enforce a right under the laws of this State, the resolution, or the trust agreement; and
(2)    enforce the performance of duties by the Authority, the State, or a political subdivision or officer or any of them that this subtitle or the trust agreement requires, including fixing, charging, and collecting of rates and charges to use facilities that are subject to the resolution or trust agreement.
2023 Maryland Statutes › Economic Development › Division II - Independent and Regional Development Units and Resources › Title 10 - Statewide Development Resources and Revenue Authorities › Subtitle 2 - Maryland Food Center Authority › Section 10-225 - Pledge

(a)    The Authority may pledge or assign:
(1)    any of its revenues;
(2)    its rights to receive its revenues;
(3)    money or securities in accounts established to secure a bond; or
(4)    a lien or security interest granted or assignment made to the Authority.
(b)    (1)    A pledge or assignment under subsection (a) of this section is valid and binding from the time the pledge or assignment is made.
(2)    A lien, security interest, or assignment under subsection (a) of this section:
(i)    attaches immediately to the revenues or property pledged and then received by the Authority, without any physical delivery or further act; and
(ii)    is valid and binding against any person having a claim against the Authority, regardless of whether the person has notice of the pledge, and without the recording or filing of an instrument.
2023 Maryland Statutes › Economic Development › Division II - Independent and Regional Development Units and Resources › Title 10 - Statewide Development Resources and Revenue Authorities › Subtitle 2 - Maryland Food Center Authority › Section 10-226 - Tax Status

(a)    Subject to § 10-217(e) of this subtitle, the Authority is exempt from taxation or assessments on any part of a development or project, the Authority’s activities in operating and maintaining a development or project, and revenues from a development or project.
(b)    The bonds of the Authority, including the interest on the bonds, are forever exempt from State and local taxes.
2023 Maryland Statutes › Economic Development › Division II - Independent and Regional Development Units and Resources › Title 10 - Statewide Development Resources and Revenue Authorities › Subtitle 2 - Maryland Food Center Authority › Section 10-228 - Annual Report

(a)    Each year, the Authority shall submit a report to the Governor and, in accordance with § 2-1257 of the State Government Article, the General Assembly.
(b)    The report shall include a financial statement covering the operations of developments during the preceding fiscal year.
2023 Maryland Statutes › Economic Development › Division II - Independent and Regional Development Units and Resources › Title 10 - Statewide Development Resources and Revenue Authorities › Subtitle 3 - Maryland Health and Higher Educational Facilities Authority › Part I - General Provisions › Section 10-302 - Construction of Subtitle

(a)    This subtitle is necessary for the welfare of the State and its residents and shall be construed liberally to accomplish its purposes.
(b)    This subtitle:
(1)    is supplemental authorization and is in addition to the powers conferred by other laws; and
(2)    does not derogate any powers.
2023 Maryland Statutes › Economic Development › Division II - Independent and Regional Development Units and Resources › Title 10 - Statewide Development Resources and Revenue Authorities › Subtitle 3 - Maryland Health and Higher Educational Facilities Authority › Part I - General Provisions › Section 10-303 - Legislative Findings; Purposes

(a)    The General Assembly finds that, for the benefit of the people of the State, the increase of their commerce, welfare, and prosperity, and the improvement of their health and living conditions:
(1)    it is essential that:
(i)    people have the fullest opportunity to learn and to develop intellectual capacities;
(ii)    educational institutions in the State have the appropriate means to assist people in achieving required levels of learning and development of intellectual capacities;
(iii)    health care institutions in the State have appropriate means to expand and establish hospitals and other related health care facilities; and
(iv)    educational institutions and health care institutions in the State are able to finance projects at the least cost to their users;
(2)    existing facilities for education and health care and existing financing vehicles available to these institutions are insufficient to meet these needs; and
(3)    these institutions are not able with present means to improve and adequately finance sufficient facilities, in order to provide the facilities at the least cost to their users.
(b)    The purposes of the Authority are to:
(1)    assist educational institutions and health care institutions in the acquisition, improvement, and financing of projects; and
(2)    provide assistance that enables educational institutions and health care institutions to finance, at the least cost to their users, the facilities and structures that are needed to accomplish the purposes of this subtitle.
2023 Maryland Statutes › Economic Development › Division II - Independent and Regional Development Units and Resources › Title 10 - Statewide Development Resources and Revenue Authorities › Subtitle 3 - Maryland Health and Higher Educational Facilities Authority › Part II - Maryland Health and Higher Educational Facilities Authority › Section 10-306 - Established

(a)    There is a Maryland Health and Higher Educational Facilities Authority.
(b)    The Authority is a body politic and corporate and is an instrumentality of the State.
(c)    The exercise of a power under this subtitle is the performance of an essential governmental function.
(d)    The exercise of a power under this article is:
(1)    for the benefit of the people of the State;
(2)    to increase their commerce, welfare, and prosperity; and
(3)    to improve their health, education, and living conditions.
2023 Maryland Statutes › Economic Development › Division II - Independent and Regional Development Units and Resources › Title 10 - Statewide Development Resources and Revenue Authorities › Subtitle 3 - Maryland Health and Higher Educational Facilities Authority › Part II - Maryland Health and Higher Educational Facilities Authority › Section 10-307 - Membership

(a)    The Authority consists of the following nine members:
(1)    eight residents of the State appointed by the Governor; and
(2)    the Treasurer or a deputy treasurer designated by the Treasurer.
(b)    Each year the Governor shall designate one member as chair and one as vice chair.
(c)    Before taking office, each member shall take an oath to administer the duties of the office faithfully and impartially.
(d)    (1)    The term of an appointed member is 5 years and begins on July 1.
(2)    The terms of members are staggered as required by the terms in effect for members of the Authority on October 1, 2008.
(3)    At the end of a term, a member continues to serve until a successor is appointed and qualifies.
(4)    The Governor shall fill any vacancy for the unexpired term.
(e)    The Governor may remove an appointed member at any time.
2023 Maryland Statutes › Economic Development › Division II - Independent and Regional Development Units and Resources › Title 10 - Statewide Development Resources and Revenue Authorities › Subtitle 3 - Maryland Health and Higher Educational Facilities Authority › Part II - Maryland Health and Higher Educational Facilities Authority › Section 10-308 - Quorum; Compensation

(a)    (1)    Five members of the Authority are a quorum.
(2)    The affirmative vote of a majority of members present at a meeting having a quorum is required for the Authority to take any action.
(3)    The Authority may take action under this subtitle by passing a resolution at a regular or special meeting.
(4)    A resolution shall take effect immediately and without being published or posted.
(b)    A member of the Authority:
(1)    may not receive compensation as a member of the Authority; but
(2)    is entitled to reimbursement for expenses under the Standard State Travel Regulations.
2023 Maryland Statutes › Economic Development › Division II - Independent and Regional Development Units and Resources › Title 10 - Statewide Development Resources and Revenue Authorities › Subtitle 3 - Maryland Health and Higher Educational Facilities Authority › Part II - Maryland Health and Higher Educational Facilities Authority › Section 10-309 - Executive Director

(a)    (1)    Subject to the approval of the Governor, the Authority shall appoint an Executive Director.
(2)    The Executive Director serves at the pleasure of the Authority.
(3)    The Authority shall determine the compensation of the Executive Director.
(4)    The Executive Director may not be a member of the Authority.
(b)    Subject to the supervision of the Authority, the Executive Director is the chief administrative officer of the Authority.
(c)    The Executive Director:
(1)    shall keep a record of the proceedings of the Authority; and
(2)    is the custodian of all books and documents filed with the Authority, the records of the Authority, and the seal of the Authority.
2023 Maryland Statutes › Economic Development › Division II - Independent and Regional Development Units and Resources › Title 10 - Statewide Development Resources and Revenue Authorities › Subtitle 3 - Maryland Health and Higher Educational Facilities Authority › Part II - Maryland Health and Higher Educational Facilities Authority › Section 10-310 - General Counsel

(a)    (1)    Subject to the approval of the Governor, the Authority may appoint a full-time or part-time General Counsel.
(2)    The General Counsel serves at the pleasure of the Authority.
(3)    The Authority shall determine the compensation of the General Counsel.
(4)    The General Counsel may not be a member of the Authority.
(b)    The General Counsel, if appointed, is the legal advisor to the Authority and, at the direction of the Authority, shall represent the Authority in judicial or other proceedings.
2023 Maryland Statutes › Economic Development › Division II - Independent and Regional Development Units and Resources › Title 10 - Statewide Development Resources and Revenue Authorities › Subtitle 3 - Maryland Health and Higher Educational Facilities Authority › Part II - Maryland Health and Higher Educational Facilities Authority › Section 10-311 - Officers

(a)    The Authority may determine the duties of all its officers.
(b)    The Authority may appoint additional officers.
(c)    (1)    Additional officers serve at the pleasure of the Authority.
(2)    The Authority shall determine the compensation of the additional officers.
2023 Maryland Statutes › Economic Development › Division II - Independent and Regional Development Units and Resources › Title 10 - Statewide Development Resources and Revenue Authorities › Subtitle 3 - Maryland Health and Higher Educational Facilities Authority › Part II - Maryland Health and Higher Educational Facilities Authority › Section 10-312 - Staff

The Authority may employ professional and other staff and retain engineers, architects, accountants, construction and financial experts, managers, and other professionals that it considers necessary and set their compensation.
2023 Maryland Statutes › Economic Development › Division II - Independent and Regional Development Units and Resources › Title 10 - Statewide Development Resources and Revenue Authorities › Subtitle 3 - Maryland Health and Higher Educational Facilities Authority › Part II - Maryland Health and Higher Educational Facilities Authority › Section 10-313 - Applicability of Other Laws

(a)    The Authority shall follow State procedures to obtain, for internal administrative functions, office space, supplies, facilities, materials, equipment, and professional services.
(b)    Each member, the Executive Director, each other officer, and each employee of the Authority shall be covered by a surety bond in accordance with Title 9, Subtitle 17 of the State Government Article.
2023 Maryland Statutes › Economic Development › Division II - Independent and Regional Development Units and Resources › Title 10 - Statewide Development Resources and Revenue Authorities › Subtitle 3 - Maryland Health and Higher Educational Facilities Authority › Part II - Maryland Health and Higher Educational Facilities Authority › Section 10-314 - Powers -- in General

(a)    The Authority may:
(1)    adopt bylaws for the conduct of its business;
(2)    sue and be sued;
(3)    adopt a seal;
(4)    maintain an office at a place it designates;
(5)    issue bonds in accordance with this subtitle;
(6)    accept a grant, loan, or other assistance in any form from any public or private source, subject to the provisions of this subtitle;
(7)    charge to and equitably allocate among participating institutions the administrative costs and expenses of carrying out this subtitle; and
(8)    do all things necessary or convenient to carry out the powers expressly granted by this subtitle.
(b)    (1)    A health care institution may not use any money received from a bond issued by the Authority to match any State loan or grant that is available for improvement of a health care institution.
(2)    The Authority shall comply with the terms and conditions of assistance received in accordance with subsection (a)(6) of this section.
(c)    The Authority may delegate to a member or officer a power granted to the Authority by this subtitle, including the power to execute a bond, certificate, deed, lease, mortgage, agreement, or other document or instrument.
2023 Maryland Statutes › Economic Development › Division II - Independent and Regional Development Units and Resources › Title 10 - Statewide Development Resources and Revenue Authorities › Subtitle 3 - Maryland Health and Higher Educational Facilities Authority › Part II - Maryland Health and Higher Educational Facilities Authority › Section 10-315 - Powers -- Projects

(a)    The Authority may:
(1)    (i)    acquire, directly or through a participating institution acting as its agent, by purchase, gift, or devise, any property, franchises, and other interests in land, including submerged land and riparian rights, located in or outside the State, as necessary or convenient to construct, acquire, or operate a project, on terms and at prices the Authority considers reasonable; and
(ii)    take title to the property in the name of the Authority or the participating institution as its designated agent;
(2)    determine the location and character of a project to be financed under this subtitle, or designate a participating institution as its agent to do so;
(3)    directly, or through a participating institution acting as its designated agent, acquire, improve, maintain, operate, lease as lessee or lessor, and regulate a project, and enter into contracts for any of these purposes and for the management of a project;
(4)    fix and collect rates, rentals, fees, and charges for services and facilities that a project provides or makes available;
(5)    directly, or through a participating institution acting as its designated agent, establish rules and regulations for the use of a project;
(6)    mortgage, pledge, or otherwise encumber a project and its site or hold a mortgage or other encumbrance on a project and its site for the benefit of the holders of bonds issued to finance the project; and
(7)    make a loan to a participating institution to:
(i)    improve or acquire a project in accordance with an agreement between the Authority and the participating institution;
(ii)    refinance any part of a project; and
(iii)    refund or repay bonds, mortgages, advances, loans, or other obligations of the participating institution to the Authority, any person, or any unit of federal, State, or local government incurred to finance any part of a project.
(b)    The Authority may undertake a joint project for two or more participating institutions.
(c)    A loan from the Authority to a participating institution under subsection (a)(7)(i) of this section may not exceed the total cost of the project as determined by the participating institution and approved by the Authority.
2023 Maryland Statutes › Economic Development › Division II - Independent and Regional Development Units and Resources › Title 10 - Statewide Development Resources and Revenue Authorities › Subtitle 3 - Maryland Health and Higher Educational Facilities Authority › Part II - Maryland Health and Higher Educational Facilities Authority › Section 10-316 - Expenses; Liability

(a)    Expenses incurred under this subtitle are payable only from money obtained under this subtitle.
(b)    The Authority may not incur a liability in excess of money obtained under this subtitle.
2023 Maryland Statutes › Economic Development › Division II - Independent and Regional Development Units and Resources › Title 10 - Statewide Development Resources and Revenue Authorities › Subtitle 3 - Maryland Health and Higher Educational Facilities Authority › Part II - Maryland Health and Higher Educational Facilities Authority › Section 10-317 - Inspection of Public Records

(a)    (1)    The Executive Director and each other officer authorized by the Authority may:
(i)    allow copies to be made of the minutes and records of the Authority; and
(ii)    certify records under seal showing that the copies are true copies.
(2)    A person may rely on the certified record.
(b)    The records of the Authority are public records subject to reasonable inspection.
2023 Maryland Statutes › Economic Development › Division II - Independent and Regional Development Units and Resources › Title 10 - Statewide Development Resources and Revenue Authorities › Subtitle 3 - Maryland Health and Higher Educational Facilities Authority › Part II - Maryland Health and Higher Educational Facilities Authority › Section 10-318 - Audit

(a)    At least once each year the Authority shall have its books audited by a certified public accountant.
(b)    The Authority shall pay for the cost of the audit from money available to it under this subtitle.
2023 Maryland Statutes › Economic Development › Division II - Independent and Regional Development Units and Resources › Title 10 - Statewide Development Resources and Revenue Authorities › Subtitle 3 - Maryland Health and Higher Educational Facilities Authority › Part II - Maryland Health and Higher Educational Facilities Authority › Section 10-319 - Annual Report

(a)    On or before October 1 of each year, the Authority shall report to the Governor on its activities for the preceding fiscal year.
(b)    The report shall include a complete operating and financial statement covering the operations of the Authority during the preceding fiscal year.