§ 10–1117
Statutes in effect as of October 1, 2026.
Md. Code Ann., Econ. Dev. § 10-1117 (2026)
Title 10. Statewide Development Resources and Revenue Authorities
Subtitle 11. Maryland Community Investment Corporation
§ 10–1117LinkCopy Citation
The Board shall:
(1)
develop a public and internal strategic plan that includes:
(i)
performance goals and measures;
(ii)
a mission statement and core values;
(iii)
an analysis of strengths, weaknesses, opportunities, and threats;
(iv)
action plans; and
(v)
yearly and long–term goals and objectives;
(2)
review strategic plans and update the plans annually to measure performance;
(3)
approve compensation plans for the Chief Executive Officer and employees of the Corporation;
(4)
designate a person to review and approve expense reimbursements of the Chief Executive Officer and employees of the Corporation in accordance with standards established by the Board;
(5)
designate a person to receive ethics complaints and any complaints involving the Board, the Chief Executive Officer, and employees of the Corporation;
(6)
establish policies that govern:
(i)
severance packages for employees that involuntarily leave employment;
(ii)
tuition reimbursement and limits for employees;
(iii)
eligible expense reimbursement requirements that include:
(1)
the types of expenses that are considered part of Corporation functions;
(2)
limits on reimbursements and time frames for submission; and
(3)
allowable travel expenses including any out–of–state travel;
(iv)
the use of all Corporation equipment, personal property, and real property and whether any property may be transferred to a departing employee; and
(v)
whistleblower complaints and protections for those filing complaints; and
(7)
conduct an annual performance review of the Chief Executive Officer.