|
WILLIAM DONALD SCHAEFER, Governor Ch. 11
The outdated cross-references were noted by the Michie
Company.
12-114.
(a) Except as otherwise provided in this section, in
exercising its corporate powers, the Corporation is exempt from
the provisions of Articles [15A; 21; 41] 15A, 41, AND 78A OF THE
CODE; § 10-507 of the State Government Article; [and 78A of the
Code and of] AND § 2-105, Title 2, Subtitles 2, 4, and 5, Titles
3 and 4, Title 6, Subtitle 1, Title 7, Subtitles 1, 2, and 3, §§
8-127, 8-128, and 8-129, Part V of Title 8, Subtitle 1, [and
Titles 10 and 21] AND TITLE 10, AND DIVISIONS II AND III of the
State Finance and Procurement Article, and may carry out its
corporate purposes without obtaining the consent of any
department, board, or agency of the State.
DRAFTER'S NOTE: This corrects outdated cross-references in
Article 41, § 12-114(a).
Article 21 became Division II (Titles 11 through 20)
of the State Finance and Procurement Article in Chs.
11 and 12 of the Acts of the Regular Session of 1985.
Title 21 of the State Finance and Procurement Article
is Division III of that article.
The outdated cross-reference was noted by the Michie
Company.
12-304.
(b) Any business entity moving into or locating within an
enterprise zone on or after the date on which the enterprise zone
is designated pursuant to § 12-302 of this subtitle may benefit
from the incentives and initiatives set forth in this section,
if:
(1) The business entity meets the requirements and
conditions of the Code section applicable to each incentive or
initiative;
(2) The business entity is certified by the
respective political subdivision that it is in compliance with
the standards submitted by the subdivision under § 12-302(d)(4)
of this [subheading] SUBTITLE; and
(3) (i) The business entity creates new or additional
jobs or makes a capital investment in order to qualify for the
property tax credit under § 9-103 of the Tax - Property Article
and the income tax credits under Article 81, § 291A of the Code;
and
- 153 -
|
