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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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ECONOMIC DEVELOPMENT |
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DIVISION I. DEPARTMENT OF BUSINESS AND ECONOMIC DEVELOPMENT |
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TITLE 5. ECONOMIC DEVELOPMENT AND FINANCIAL ASSISTANCE PROGRAMS |
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SUBTITLE 4. MARYLAND INDUSTRIAL DEVELOPMENT FINANCING AUTHORITY |
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PART II. MARYLAND INDUSTRIAL DEVELOPMENT FINANCING AUTHORITY |
§ 5-408. Joint membership with Maryland Economic Development Assistance Authority; actions
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(a) Joint membership. -- The members of the Authority are also the members of the Maryland Economic Development Assistance Authority under § 5-306 of this title.
(b) Actions -- In general. -- The members of the Authority may act concurrently in their capacities as members of the Authority and of the Maryland Economic Development Assistance Authority.
(c) Actions -- Powers and duties. -- The members of the Authority shall carry out the powers and duties of the Authority under this subtitle whether acting:
(1) concurrently as members of the Authority and the Maryland Economic Development Assistance Authority; or
(2) as members of either authority alone.