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Ch. 582 2005 LAWS OF MARYLAND
CHAPTER 582
(House Bill 881)
AN ACT concerning
Maryland Economic Development Corporation - Condemnation of Property
FOR the purpose of specifying that the powers of the Maryland Economic
Development Corporation may not exceed the condemnation powers of the
county or municipal corporation in which the property to be taken is located; and
generally relating to the powers of the Maryland Economic Development
Corporation.
BY repealing and reenacting, with amendments,
Article 83A - Department of Business and Economic Development
Section 5-205
Annotated Code of Maryland
(2003 Replacement Volume and 2004 Supplement)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article 83A - Department of Business and Economic Development
5-205.
The Corporation may:
(1) Adopt bylaws for the regulation of its affairs and the conduct of its
business;
(2) Adopt an official seal and alter it at pleasure;
(3) Maintain offices at a place within the State that it designates;
(4) Apply for and accept any loans, grants, or assistance of any character
from the federal government, State government, or local governments, or any private
sources;
(5) Make, execute, and enter into any contracts or other legal
instruments;
(6) Sue and be sued in its own name;
(7) Acquire, construct, develop, manage, market, reconstruct,
rehabilitate, improve, maintain, equip, lease as lessor or as lessee, repair, and operate
any project within the State of Maryland;
(8) Acquire, purchase, hold, lease as lessee, and use any franchise,
patent, or license and any property whether real, personal, mixed, or tangible or
intangible, or any interest in such property, necessary or convenient for carrying out
the purposes of the Corporation;
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