§ 10–106
Statutes in effect as of October 1, 2026.
Md. Code Ann., Econ. Dev. § 10-106 (2026)
Title 10. Statewide Development Resources and Revenue Authorities
Subtitle 1. Maryland Economic Development Corporation
§ 10–106LinkCopy Citation
(a)
A Board of Directors shall manage the Corporation and exercise its powers.
(b)
The Board consists of the following 12 members:
(1)
as ex officio voting members:
(i)
the Secretary; and
(ii)
the Secretary of Transportation; and
(2)
the following members, appointed by the Governor with the advice and consent of the Senate:
(i)
two representatives of local government;
(ii)
three members who are knowledgeable in real estate or commercial financing;
(iii)
three members who are knowledgeable in industrial development or industrial relations; and
(iv)
two members of the general public.
(c)
Each member of the Board shall be a resident of the State.
(d)
In appointing Board members, the Governor shall consider geographic diversity and minority representation.
(e)
(1)
The term of an appointed member is 4 years.
(2)
The terms of the appointed members are staggered as required by the terms provided for members of the Board on October 1, 2008.
(3)
At the end of a term, a member continues to serve until a successor is appointed and qualifies.
(4)
A member who is appointed after a term has begun serves only for the rest of the term and until a successor is appointed and qualifies.
(f)
Before taking office, each member appointed to the Board shall take the oath required by Article 1, § 9 of the Maryland Constitution.