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 5. MARYLAND SMALL BUSINESS DEVELOPMENT FINANCING AUTHORITY |
PART II. MARYLAND SMALL BUSINESS DEVELOPMENT FINANCING AUTHORITY |
§ 5-508. Quorum; meetings; reimbursement for expenses; staff
Latest version.
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(a) Quorum. --
(1) Four members of the Authority are a quorum.
(2) The Authority may not act on any matter unless at least four members in attendance concur.
(b) Meetings. -- The Authority shall determine the times and places of its meetings.
(c) Reimbursement for expenses. -- A member of the Authority is entitled to reimbursement for expenses under the Standard State Travel Regulations, as provided in the State budget.
(d) Staff. -- The Authority may employ a staff in accordance with the State budget.