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2202 LAWS OF MARYLAND Ch. 675
BY adding to
Article 41 - Governor - Executive and Administrative
Departments
Section 413(g) and (h)
Annotated Code of Maryland
(1982 Replacement Volume)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article 41 - Governor - Executive and Administrative
Departments
40
Maryland Food CENTER Authority
411.
The General Assembly of Maryland makes the following
declarations as a statement of its legislative intent in the
enactment of this subtitle:
(5) THERE EXISTS A NEED AND THE OPPORTUNITY TO
CAPITALIZE ON THE VAST RESOURCES OF FINFISH AND SHELLFISH THAT
CAN BE FOUND OFF MARYLAND'S COASTAL WATERS; DEVELOPMENT OF THE
SEAFOOD INDUSTRY ON THE EASTERN SHORE COULD PROVIDE AN
OPPORTUNITY FOR THE STATE TO CAPITALIZE ON THESE RESOURCES, COULD
CREATE NEW JOBS, AND COULD PRODUCE OTHER ECONOMIC BENEFITS TO THE
STATE; A CENTRALIZED SEAFOOD PARK IS NECESSARY FOR THE
DEVELOPMENT OF THESE RESOURCES AND THE ENSUING ECONOMIC BENEFITS;
THE DEVELOPMENT OF THE PARK AND THESE RESOURCES WOULD BE IN THE
PUBLIC INTEREST AND CAN BEST BE ACCOMPLISHED THROUGH THE MARYLAND
FOOD CENTER AUTHORITY.
[(5)] (6) It appears that sufficient revenue will be
derived from the operation of the market AND PARK to amortize the
cost thereof within a reasonable period, and it is therefore
deemed proper that the development of the market AND PARK be
defrayed insofar as practicable by the issuance of bonds payable
solely from the revenue derived from market AND PARK operations;
but it may be necessary that a part of said bonds bear the full
faith and credit of the State of Maryland.
412.
(b) The Authority [consist] CONSISTS of 12 members, all of
whom shall be citizens of the State, one of whom shall be a
resident of Howard County, and three of whom shall be members of
the New Marsh Wholesale Produce Market Authority, as the same was
created by Chapter 662 of the Laws of Maryland of 1955, as
amended by Chapter 845 of the Laws of Maryland of 1957. The
Director of Agricultural Extension, State of Maryland, the
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