Md. Code, Economic Development § 12-710
Md. Code, Economic Development § 12-710
in effect§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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gec§ion=12-710&enactments=falseFetched: 10/16/2026