§ 10-619
98 words·~1 min read·
/md/economic-development/10-619A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§10–619.
(a)Subject to the prior approval of the Board of Public Works, the Authority may:
(1)hold an ownership interest in or operate a professional football or major league professional baseball team or team franchise for up to 2 years during a transition to private ownership; and
(2)continue to hold, but not operate, an ownership interest in a professional football or major league professional baseball team during a transition of the team without a time limitation.
(b)If necessary, the Board of Public Works may renew its approval under subsection
(a)of this section each year.