The County is authorized, by local law, to create a body corporate and politic and an instrumentality of the County to be known as the "Redevelopment Authority of Prince George's County." The Redevelopment Authority shall be created when the County: Passes local laws providing and constituting the terms of the charter for the Redevelopment Authority; and Files the charter with: The Department of Assessments and Taxation; The Department of Legislative Reference; and The Secretary of State. The County may: Amend the Redevelopment Authority's charter through local law if the amendments are filed with the Department of Assessments and Taxation, the Department of Legislative Reference, and the Secretary of State; Change the structure, organization, program, powers, or activity of the Redevelopment Authority unless the change would impair the Redevelopment Authority's obligations under a contract or agreement the Redevelopment Authority entered into before the change; and Terminate the Redevelopment Authority unless the termination would impair the Redevelopment Authority's obligations under a contract or agreement the Redevelopment Authority entered into before the termination.