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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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ECONOMIC DEVELOPMENT |
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DIVISION II. INDEPENDENT AND REGIONAL DEVELOPMENT UNITS AND RESOURCES |
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TITLE 10. STATEWIDE DEVELOPMENT RESOURCES AND REVENUE AUTHORITIES |
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SUBTITLE 1. MARYLAND ECONOMIC DEVELOPMENT CORPORATION |
§ 10-126. Rates and charges
Latest version.
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(a) Charges for services. -- The Corporation may:
(1) fix and collect rates or charges for its services;
(2) establish the terms and conditions for the services; and
(3) contract with a person for the use of the Corporation's services.
(b) Charges not regulated. -- The rates or charges of the Corporation are not subject to supervision or regulation by a governmental unit.
(c) Use of earnings. -- Subject to any agreement, the Corporation may apply the rates, charges, and other revenues received by the Corporation to any lawful purpose.
(d) Benefit of earnings. -- Except as necessary to pay debt service or implement programs of the Corporation, the net earnings of the Corporation may not benefit a person other than the State.