Sec. 13-1164. Disposing of property
Codified through Bill No. CB-018-2026, adopted May 12, 2026, effective July 24, 2026. Source: Municode, Supplement 2026 Update 2. Editorial notes and legislative history omitted.
Prince George's County, Md., Code § 13-1164 (2026)
Sec. 13-1164. Disposing of propertyLinkCopy Citation
(a)
The Authority may convey any real property it holds through a conveyance, exchange, sale, transfer, lease, grant, release, demise, mortgage, or pledge of the property as collateral.
(b)
The board may delegate to its staff the power to contract with a legal entity to convey any real property it holds. Pursuant to this Section, the Authority may (1) establish an order of priorities for using real property that it conveys and (2) set different requirements for the board's approval of property dispositions in certain locations or by certain means.
(c)
The board shall establish in its bylaws the terms and conditions for any consideration received in exchange for property conveyances, provided the consideration's form is in the Authority's best interest.