Md. Code, Economic Development § 12-710

§12–710. IN EFFECT

// EFFECTIVE UNTIL SEPTEMBER 30, 2029 PER CHAPTERS 215 AND 216 OF 2025 //

The Authority may:

(1) adopt bylaws for the conduct of its business;

(2) adopt a seal;

(3) sue or be sued;

(4) maintain an office at a place it designates in Baltimore City;

(5) make or accept and manage loans, grants, or assistance of any kind from the federal or State government, a local government, a college or university, a charitable institution, a nonprofit organization, a for–profit organization, or a private source;

(6) make grants to individuals;

(7) acquire properties in Baltimore City, directly or indirectly, from a person or political subdivision, to improve, manage, market, maintain, or lease, from a person or political subdivision for residential, commercial, or industrial development or redevelopment, including comprehensive renovation or rehabilitation of the land or property on terms the Authority considers reasonable to operate a project in Baltimore City, by:

(i) purchase;

(ii) gift;

(iii) interest;

(iv) condemnation;

(v) eminent domain, except for owner–occupied residential properties;

(vi) tax sale;

(vii) foreclosure;

(viii) receivership;

(ix) in rem foreclosure proceedings;

(x) easement, or any other interest in land;

(xi) lease; and

(xii) rent;

(8) acquire, purchase, hold, lease as lessee, and use:

(i) a franchise, patent, or license;

(ii) any real, personal, mixed, tangible, or intangible property; or

(iii) an interest in the property listed in this item;

(9) finance all or part of the acquisition or improvement of a project;

(10) sell, lease as lessor, transfer, license, assign, or dispose of property or a property interest that the Authority acquires;

(11) fix and collect rates, rentals, fees, royalties, and charges for services and resources the Authority provides or makes available;

(12) enter into contracts with any federal, State, or local government agency, a governmental unit, a college or university, charitable institutions, or a private entity or party;

(13) exercise power usually possessed by a private corporation in performing similar functions unless to do so would conflict with State law;

(14) with the owner’s permission, enter lands or premises to make a survey, a sounding, a boring, or an examination to accomplish the purpose authorized by this subtitle;

(15) create, own, control, or be a member of a corporation, limited liability company, partnership, or any other entity;

(16) create a special district benefit for the commercial businesses in the target area;

(17) open a bank account with a national or local federally insured financial institution;

(18) set salaries in accordance with the jurisdiction market rate and outside the State Personnel and Pension System;

(19) create a forum for stakeholders to come together on creating a 20–year comprehensive plan around economic, housing, transportation, neighborhood, and green space development within the target zone;

(20) serve as a clearinghouse and resource center for promoting coordination and communication on development opportunities for the West North Avenue Corridor;

(21) ensure money is being spent effectively and efficiently on development and that development is happening in the appropriate way for the West North Avenue Corridor;

(22) provide advisory services to State and Baltimore City agencies on planning and development for the target area;

(23) initiate, fund, and monitor for efficiency and effectiveness economic, housing, transportation, neighborhood, and green space development within the target area;

(24) make rules and regulations for the operation and use of land, property, and undertakings under the Authority’s jurisdiction; and

(25) do all things necessary or convenient to carry out the powers expressly granted by this subtitle.