BLAIR LEE III, Acting Governor

1713

FOREIGN TRADE ZONES

466.

(A) IN THIS SUBTITLE THE FOLLOWING WORDS HAVE THE
MEANINGS INDICATED.

(B)    "PRIVATE CORPORATION" MEANS ANY CORPORATION,
OTHER THAN A PUBLIC CORPORATION, ORGANIZED PURSUANT TO THIS
ARTICLE FOR THE PURPOSE OF ESTABLISHING, OPERATING, AND
MAINTAINING A FOREIGN TRADE ZONE UNDER THE FEDERAL
FOREIGN-TRADE ZONES ACT.

(C)    "PUBLIC CORPORATION" MEANS:

(1)    THE STATE OF MARYLAND;

(2)    ANY SUBDIVISION OF THE STATE;

(3)    ANY INCORPORATED PUBLIC AUTHORITY,
COMMISSION, AGENCY, OR OTHER CORPORATE INSTRUMENTALITY OF
THE STATE;

(4)    ANY INCORPORATED PUBLIC AUTHORITY,
COMMISSION, AGENCY, OF OTHER CORPORATE INSTRUMENTALITY OF
ANY SUBDIVISION OR INCORPORATED MUNICIPALITY; OR

(5)    ANY INCORPORATED PUBLIC AUTHORITY,
COMMISSION, AGENCY, OR OTHER CORPORATE INSTRUMENTALITY OF
THE STATE OF MARYLAND AND ONE OR MORE OTHER STATES.

467.

(A)    EXCEPT AS LIMITED BY SUBSECTION    (B), ANY PUBLIC
OR PRIVATE CORPORATION MAY APPLY FOR     THE PRIVILEGE OF
ESTABLISHING, OPERATING, AND MAINTAINING       A FOREIGN TRADE
ZONE IN ACCORDANCE WITH THE FOREIGN-TRADE    ZONES ACT, PUBLIC
LAW 397, 73RD CONGRESS, APPROVED JUNE 18,      1934 (48 STAT.
998-1003, 19 U.S.C. §81A-U), AS AMENDED.

(B)    A PRIVATE CORPORATION MAY NOT APPLY FOR THE
PRIVILEGE OF ESTABLISHING, OPERATING, AND MAINTAINING A
FOREIGN TRADE ZONE UNLESS IT OBTAINS PRIOR APPROVALS FROM
THE GOVERNOR AND THE MARYLAND PORT AUTHORITY.

468.

ANY PUBLIC OR PRIVATE CORPORATION WHOSE APPLICATION TO
ESTABLISH, OPERATE, AND MAINTAIN A FOREIGN TRADE ZONE IS
GRANTED PURSUANT TO THE FOREIGN-TRADE ZONES ACT MAY

ESTABLISH, OPERATE, AND MAINTAIN A FOREIGN TRADE ZONE
SUBJECT TO THE CONDITIONS AND RESTRICTIONS OF THE
FOREIGN-TRADE ZONES ACT AS ADMINISTERED UNDER THE RULES AND
REGULATIONS, AND FOR THE PERIOD OF TIME PRESCRIBED BY THE
FOREIGN TRADE ZONE BOARD ESTABLISHED PURSUANT TO THE
FOREIGN-TRADE ZONES ACT.