Sec. 15B-114. Disposition of earnings and assets
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 § 15B-114 (2026)
Sec. 15B-114. Disposition of earnings and assetsLinkCopy Citation
(a)
The net earnings of the Redevelopment Authority, apart from those necessary to pay debt service or to implement the purposes of this Subtitle, may not inure to the benefit of any person other than the County.
(b)
On termination of the Redevelopment Authority, all rights and title to all assets of the Redevelopment Authority shall vest in, and all obligations and liabilities of the Redevelopment Authority may be transferred to and assumed by, the County.