Md. Code, Economic Development § 12-705
This is the official text of Md. Code, Economic Development § 12-705, part of Maryland’s Code, Economic Development — governs the state's economic development programs.
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§12–705.
Official statutory text
§12–705. IN EFFECT
// EFFECTIVE UNTIL SEPTEMBER 30, 2029 PER CHAPTERS 215 AND 216 OF 2025 //
(a) (1) Except as otherwise provided in this section, in exercising its powers, the Authority:
(i) may carry out its purposes without the consent of any State unit; and
(ii) is not subject to:
1. Subtitles 1 through 3 of this title; or
2. the following provisions of the State Finance and Procurement Article:
A. Title 2, Subtitles 2 (Gifts and Grants) and 5 (Facilities for the Handicapped);
B. Title 3 (Budget and Management);
C. Title 4 (Department of General Services);
D. Title 5A (Division of Historical and Cultural Programs);
E. Title 6, Subtitle 1 (Studies and Estimates);
F. Title 7, Subtitles 1 (State Operating Budget), 2 (Disbursements and Expenditures), and 3 (Unspent Balances);
G. Title 10 (Board of Public Works – Miscellaneous Provisions); or
H. Division II (General Procurement Law).
(2) The Authority is subject to:
(i) the Public Information Act; and
(ii) the Open Meetings Act.
(b) The Authority, its officers, and its employees are subject to the Public Ethics Law.
(c) The Authority, its officers, and its employees are subject to Title 12, Subtitle 4 of the State Finance and Procurement Article.
(d) The Authority is subject to Title 14, Subtitle 3 of the State Finance and Procurement Article.
// EFFECTIVE UNTIL SEPTEMBER 30, 2029 PER CHAPTERS 215 AND 216 OF 2025 //
(a) (1) Except as otherwise provided in this section, in exercising its powers, the Authority:
(i) may carry out its purposes without the consent of any State unit; and
(ii) is not subject to:
1. Subtitles 1 through 3 of this title; or
2. the following provisions of the State Finance and Procurement Article:
A. Title 2, Subtitles 2 (Gifts and Grants) and 5 (Facilities for the Handicapped);
B. Title 3 (Budget and Management);
C. Title 4 (Department of General Services);
D. Title 5A (Division of Historical and Cultural Programs);
E. Title 6, Subtitle 1 (Studies and Estimates);
F. Title 7, Subtitles 1 (State Operating Budget), 2 (Disbursements and Expenditures), and 3 (Unspent Balances);
G. Title 10 (Board of Public Works – Miscellaneous Provisions); or
H. Division II (General Procurement Law).
(2) The Authority is subject to:
(i) the Public Information Act; and
(ii) the Open Meetings Act.
(b) The Authority, its officers, and its employees are subject to the Public Ethics Law.
(c) The Authority, its officers, and its employees are subject to Title 12, Subtitle 4 of the State Finance and Procurement Article.
(d) The Authority is subject to Title 14, Subtitle 3 of the State Finance and Procurement Article.
Status: in_force · Read it on the official government site
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