§ 10-619. Authority to acquire ownership interest in professional teams

   (a) General authority. -- Subject to the prior approval of the Board of Public Works, the Authority may:

   (1) hold an ownership interest in or operate a professional football or major league professional baseball team or team franchise for up to 2 years during a transition to private ownership; and

   (2) continue to hold, but not operate, an ownership interest in a professional football or major league professional baseball team during a transition of the team without a time limitation.

(b) Board of Public Works -- Renewable approval. -- If necessary, the Board of Public Works may renew its approval under subsection (a) of this section each year.

HISTORY: FI § 13-710; 2008, ch. 306, § 2.