Statutes > Maryland Statutes > ECONOMIC DEVELOPMENT > TITLE 5 - ECONOMIC DEVELOPMENT AND FINANCIAL ASSISTANCE PROGRAMS > Subtitle 3 - Maryland Economic Development Assistance Authority and Fund > Section 5-307 - Actions.

Section 5-307 - Actions.

§ 5-307. Actions.
  

(a)  In general.- The members of the Authority may act concurrently in their capacities as members of the Authority and of the Maryland Industrial Development Financing Authority. 

(b)  Powers and duties.- The members of the Authority shall carry out the powers and duties of the Authority under this subtitle whether acting: 

(1) concurrently as members of the Authority and the Maryland Industrial Development Financing Authority; or 

(2) as members of either authority alone. 

(c)  Manner.- The members of the Authority shall conduct the business of the Authority and of the Maryland Industrial Development Financing Authority under Subtitle 4 of this title. 
 

[An. Code 1957, art. 83A, § 5-1403(d)-(f); 2008, ch. 306, § 2.]