Md. Code, Economic Development § 10-619
This is the official text of Md. Code, Economic Development § 10-619, part of Maryland’s Code, Economic Development — governs the state's economic development programs.
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§10–619.
Official statutory text
(a) 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) If necessary, the Board of Public Works may renew its approval under subsection (a) of this section each year.
(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) If necessary, the Board of Public Works may renew its approval under subsection (a) of this section each year.
Status: in_force · Read it on the official government site
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