1992                                   LAWS OF MARYLAND                                Ch. 708

SECTION 2 3. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1979.

Approved May 29, 1979.

CHAPTER 709

(House Bill 211)

AN ACT concerning

Maryland Industrial Development Financing Authority

FOR the purpose of increasing the membership of the Maryland
Industrial Development Financing Authority; providing
for the appointment and terms of these members;
changing the removal power of the Governor; increasing
the quorum; and generally clarifying the provisions
that relate to the membership of the Authority.

BY repealing and reenacting, with amendments,

Article 41 — Governor — Executive and

Administrative Departments
Section 266H

Annotated Code of Maryland
(1978 Replacement Volume and 1978 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Annotated Code of Maryland
be repealed, amended, or enacted to read as follows:

Article 41 — Governor — Executive and
Administrative Departments

266M.

(a) The Maryland Industrial Development Financing
Authority, hereinafter in this subtitle called the
Authority, is hereby created and established a body
corporate and politic and is constituted a public
instrumentality of the State, and the exercise by the
Authority of the powers conferred by the provisions of this
subtitle shall be deemed and held to be the performance of
essential governmental functions. The Authority shall
consist of [five (5)] SEVEN members, appointed by the
Secretary of Economic and Community Development, with the
approval of the Governor[, for a period of five (5) years,
as herein provided].