Md. Code, Economic Development § 12-108

Md. Code, Economic Development § 12-108
in effect
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Except as necessary to pay debt service or implement the public purposes or programs of the incorporating county or municipal corporation, the net earnings of an authority may benefit only the incorporating county or municipal corporation and may not benefit any person.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gec&section=12-108&enactments=falseFetched: 10/16/2026

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