Unannotated Code of Maryland (Last Updated: May 16, 2014) |
ECONOMIC DEVELOPMENT |
DIVISION II. INDEPENDENT AND REGIONAL DEVELOPMENT UNITS AND RESOURCES |
TITLE 11. MILITARY INSTALLATION SUPPORT |
SUBTITLE 3. LOCAL REDEVELOPMENT AUTHORITIES |
§ 11-316. Powers -- Projects
Latest version.
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The authority may:
(1) acquire, improve, develop, manage, market, lease as lessor or lessee, operate, and maintain a project; and
(2) acquire, either directly or by or through an agreement with the United States Department of Defense or a military service, by purchase or otherwise, any property, rights, rights-of-way, franchises, easements, and other interests in land, including land lying under water and riparian rights located in or outside the State as necessary or convenient to improve or operate a project on terms and at prices that the authority considers to be reasonable.