HARRY HUGHES, Governor

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(6)  A DIRECTOR SHALL NOT RECEIVE COMPENSATION,
BUT SHALL BE REIMBURSED FOR ACTUAL EXPENSES INCURRED IN THE
PERFORMANCE OF HIS DUTIES.

(7)  A DIRECTOR MAY BE REMOVED AT ANY TIME WITH
OR WITHOUT CAUSE. PROCEDURES FOR REMOVAL SHALL BE THOSE
PROVIDED IN THE RESOLUTION CREATING THE AUTHORITY OR ANY
SUBSEQUENT RESOLUTION.

(I) AN AUTHORITY MAY:

(1) RECEIVE FUNDS FROM ITS INCORPORATING COUNTY
OR MUNICIPALITY, THE STATE, ANY OTHER GOVERNMENTAL UNIT, OR
ANY NONPROFIT ORGANIZATION;

SERVICES;

(2) CHARGE FEES OR OTHER CHARGES FOR ITS

(3) HAVE EMPLOYEES AND CONSULTANTS AS IT
CONSIDERS NECESSARY; AND

UNITS.

(4) UTILIZE THE SERVICES OF OTHER GOVERNMENTAL

(J) THE NET EARNINGS OF AN AUTHORITY, ASIDE FROM THOSE
NECESSARY TO PAY DEBT SERVICE OR TO IMPLEMENT THE PUBLIC
PURPOSES OR PROGRAMS OF THE INCORPORATING COUNTY OR
MUNICIPALITY, MAY NOT INURE TO THE BENEFIT OF ANY PERSON
OTHER THAN THE INCORPORATING COUNTY OR MUNICIPALITY.

(K) THE INCORPORATING COUNTY OR MUNICIPALITY, IN ITS
SOLE DISCRETION, SUBJECT TO THE PROVISIONS OF THIS SECTION
AND TO ANY LIMITATIONS IMPOSED BY LAW UPON THE IMPAIRMENT OF
CONTRACTS, MAY BY RESOLUTION ADOPTED AT ANY TIME PROVIDE FOR
OR CHANGE THE STRUCTURE, ORGANIZATION, PROCEDURES, PROGRAMS,
OR ACTIVITIES OF THE AUTHORITY, OR TERMINATE THE AUTHORITY.
EXCEPT IN A COUNTY OR MUNICIPALITY THAT DOES NOT HAVE A
PUBLICLY ELECTED CHIEF EXECUTIVE OFFICER, THE RESOLUTION IS
SUBJECT TO THE APPROVAL OF THE CHIEF EXECUTIVE OFFICER.
UPON TERMINATION OF AN AUTHORITY, TITLE TO ALL ITS PROPERTY
SHALL VEST IN THE INCORPORATING COUNTY OR MUNICIPALITY AND
ALL OBLIGATIONS AND ASSETS OF THE AUTHORITY SHALL BE
TRANSFERRED TO AND ASSUMED BY THE MUNICIPALITY OR COUNTY.

(L) FOR THE PURPOSES OF THIS  SUBTITLE, EACH COUNTY AND

MUNICIPALITY IS DEEMED TO HAVE    ALL OF THE POWERS AND

DISCRETION GRANTED IN THIS SECTION  TO INDUSTRIAL DEVELOPMENT
AUTHORITIES.

266D.

(A) IN ORDER FURTHER TO ACCOMPLISH THE LEGISLATIVE
POLICY OF THIS SUBTITLE, IN ADDITION TO WHATEVER OTHER
POWERS IT MAY HAVE AND NOTWITHSTANDING ANY LIMITATION OF