Unannotated Code of Maryland (Last Updated: May 16, 2014) |
ECONOMIC DEVELOPMENT |
DIVISION I. DEPARTMENT OF BUSINESS AND ECONOMIC DEVELOPMENT |
TITLE 5. ECONOMIC DEVELOPMENT AND FINANCIAL ASSISTANCE PROGRAMS |
SUBTITLE 4. MARYLAND INDUSTRIAL DEVELOPMENT FINANCING AUTHORITY |
PART II. MARYLAND INDUSTRIAL DEVELOPMENT FINANCING AUTHORITY |
§ 5-410. Quorum; meetings; compensation
Latest version.
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(a) Quorum; voting. --
(1) Five members of the Authority are a quorum.
(2) An affirmative vote of at least four members is needed for the Authority to act.
(b) Meetings. -- The Authority shall determine the times and places of its meetings.
(c) Compensation; reimbursement for expenses. -- A member of the Authority:
(1) is not entitled to compensation as a member of the Authority; but
(2) is entitled to reimbursement for expenses under the Standard State Travel Regulations, as provided in the State budget.