1170

LAWS OF MARYLAND

Ch. 283

(B) THE AUTHORITY MAY ONLY HOLD AN OWNERSHIP INTEREST IN A
TEAM OR TEAM FRANCHISE ON A TEMPORARY BASIS, NOT TO EXCEED 1
YEAR, DURING A TRANSITION OF THE TEAM OR TEAM FRANCHISE TO
PRIVATE OWNERSHIP.

SUBJECT TO THE PRIOR APPROVAL OF THE BOARD OF PUBLIC WORKS,
WHICH APPROVAL, IF NECESSARY, SHALL BE RENEWED RENEWABLE ON AN
ANNUAL BASIS, THE AUTHORITY MAY:

(1) HOLD AN OWNERSHIP INTEREST IN, AND OPERATE, A
PROFESSIONAL FOOTBALL OR MAJOR LEAGUE PROFESSIONAL BASEBALL OR
FOOTBALL TEAM OR TEAM FRANCHISE ON A TEMPORARY BASIS, NOT TO
EXCEED 2 YEARS, DURING A TRANSITION OF THE TEAM OR TEAM FRANCHISE
TO PRIVATE OWNERSHIP; AND

(2)  CONTINUE ONLY TO HOLD AN OWNERSHIP INTEREST IN A
PROFESSIONAL FOOTBALL OR MAJOR LEAGUE PROFESSIONAL BASEBALL OR
FOOTBALL TEAM BEYOND THE 2-YEAR PERIOD.

9-1211. 13-711.

(A) SUBJECT TO ANNUAL APPROPRIATIONS AND THE PROVISIONS OF
THIS SUBTITLE, THE AUTHORITY MAY ACQUIRE IN ITS OWN NAME, BY GIFT
7 OR PURCHASE, OR BY CONDEMNATION, ANY REAL OR PERSONAL PROPERTY,
OR INTERESTS IN PROPERTY, NECESSARY OR CONVENIENT TO CONSTRUCT OR
OPERATE ANY FACILITY.

(B) ANY CONDEMNATION PROCEEDINGS UNDER THIS SECTION SHALL
BE CONDUCTED IN ACCORDANCE WITH THE PROVISIONS OF TITLE 12 OF THE
REAL PROPERTY ARTICLE.

(C) (B) NOTWITHSTANDING ANY CONTRARY PROVISION OF LAW, THIS
STATE, ITS AGENCIES, AND POLITICAL SUBDIVISIONS MAY LEASE, LEND,
GRANT, OR OTHERWISE CONVEY TO THE AUTHORITY, AT ITS REQUEST, ANY
PROPERTY, INCLUDING PROPERTY DEVOTED TO PUBLIC USE, THAT IS
NECESSARY OR CONVENIENT FOR THE PURPOSES OF THIS SUBTITLE,
SUBJECT TO THE PRIOR APPROVAL OF THE BOARD OF PUBLIC WORKS.

(D) (C) IN ANY COUNTY WHERE PLANNING, ZONING, AND
DEVELOPMENT REGULATIONS HAVE LEGAL STATUS, THE AUTHORITY SHALL
COMPLY WITH AND IS SUBJECT TO THOSE REGULATIONS TO THE SAME
EXTENT AS A PRIVATE COMMERCIAL OR INDUSTRIAL ENTERPRISE.

(E) (D) THIS SECTION DOES NOT AFFECT THE RIGHT OF THE
AUTHORITY TO ACQUIRE AN OPTION OR INSTITUTE ANY CONDEMNATION
PROCEEDING FOR LATER ACQUISITION OF THE PROPERTY ONCE THE
APPROVAL REQUIRED BY THIS SECTION IS OBTAINED.

9-1212. 13-712.

(A) (1) SUBJECT TO THE PRIOR APPROVAL OF THE BOARD OF
PUBLIC WORKS, THE AUTHORITY MAY AT ANY TIME AND FROM TIME TO TIME
ISSUE BONDS FOR ANY CORPORATE PURPOSE, INCLUDING THE
ESTABLISHMENT OF RESERVES AND THE PAYMENT OF INTEREST. IN THIS
SUBTITLE THE TERM "BONDS" INCLUDES NOTES OF ANY KIND, INTERIM