Md. Code, Economic Development § 12-814
This is the official text of Md. Code, Economic Development § 12-814, part of Maryland’s Code, Economic Development — governs the state's economic development programs.
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§12–814.
Official statutory text
(a) The net earnings of the Authority, apart from those necessary to pay debt service or to implement the purposes of this subtitle, may not inure to the benefit of any person other than the county.
(b) On termination of the Authority, all rights and title to all assets of the Authority shall vest in, and all obligations and liabilities of the Authority may be transferred to and assumed by, the county.
(b) On termination of the Authority, all rights and title to all assets of the Authority shall vest in, and all obligations and liabilities of the Authority may be transferred to and assumed by, the county.
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