<section article="gec" article_name="Economic Development" number="11-201" title_number="11" title_name="Military Installation Support" subtitle_number="2" subtitle_name="Maryland Military Installation Council"> <text>In this subtitle, “Council” means the Maryland Military Installation Council.</text> </section> <section article="gec" article_name="Economic Development" number="11-202" title_number="11" title_name="Military Installation Support" subtitle_number="2" subtitle_name="Maryland Military Installation Council"> <text>There is a Maryland Military Installation Council.</text> </section> <section article="gec" article_name="Economic Development" number="11-203" title_number="11" title_name="Military Installation Support" subtitle_number="2" subtitle_name="Maryland Military Installation Council"> <level label="a"> <text>The Council consists of the following members:</text> <level label="1"> <text>three members selected by the President of the Senate of Maryland to represent community interests, of which:</text> <level label="i"> <text>one shall be a member of the Senate; and</text> </level> <level label="ii"> <text>two shall be citizens representing communities adjacent to military installations;</text> </level> </level> <level label="2"> <text>three members selected by the Speaker of the House of Delegates to represent community interests, of which:</text> <level label="i"> <text>one shall be a member of the House of Delegates; and</text> </level> <level label="ii"> <text>two shall be citizens representing communities adjacent to military installations;</text> </level> </level> <level label="3"> <text>the Secretary, or the designee of the Secretary;</text> </level> <level label="4"> <text>the Secretary of Transportation, or the designee of the Secretary of Transportation;</text> </level> <level label="5"> <text>the Secretary of the Environment, or the designee of the Secretary of the Environment;</text> </level> <level label="6"> <text>the Secretary of Planning, or the designee of the Secretary of Planning;</text> </level> <level label="7"> <text>the Secretary of Veterans and Military Families, or the designee of the Secretary of Veterans and Military Families;</text> </level> <level label="8"> <text>the Secretary of Labor, or the designee of the Secretary of Labor;</text> </level> <level label="9"> <text>the State Superintendent of Schools, or the designee of the State Superintendent;</text> </level> <level label="10"> <text>the Adjutant General of the Maryland National Guard, or the designee of the Adjutant General;</text> </level> <level label="11"> <text>the President of the Southern Maryland Navy Alliance;</text> </level> <level label="12"> <text>the President of the Army Alliance;</text> </level> <level label="13"> <text>the President of the Military Alliance Council of Charles County;</text> </level> <level label="14"> <text>the President of the Maritime Technology Alliance;</text> </level> <level label="15"> <text>the President of the Fort Detrick Alliance;</text> </level> <level label="16"> <text>the President of the Fort Meade Alliance;</text> </level> <level label="17"> <text>the President of the Andrews Business and Community Alliance; and</text> </level> <level label="18"> <text>six members selected by the Governor, of which at least one is a spouse of a service member.</text> </level> </level> <level label="b"> <level label="1"> <text>The President of the Senate and the Speaker of the House of Delegates shall each appoint three members representing community interests to serve as members of the Council.</text> </level> <level label="2"> <text>The chair may appoint:</text> <level label="i"> <text>additional members who are presidents of other military base advocacy groups that are nonprofit organizations and recognized by the Department; and</text> </level> <level label="ii"> <text>ex officio members as necessary to address specific issues, including a representative of the Maryland National Guard.</text> </level> </level> </level> <level label="c"> <level label="1"> <text>The term of an appointed member is 4 years.</text> </level> <level label="2"> <text>The terms of the appointed members are staggered as required by the terms provided for appointed members of the Council on July 1, 2010.</text> </level> </level> <level label="d"> <text>A member of the Council:</text> <level label="1"> <text>may not receive compensation as a member of the Council; but</text> </level> <level label="2"> <text>is entitled to reimbursement for expenses under the Standard State Travel Regulations, as provided in the State budget.</text> </level> </level> </section> <section article="gec" article_name="Economic Development" number="11-204" title_number="11" title_name="Military Installation Support" subtitle_number="2" subtitle_name="Maryland Military Installation Council"> <text>The Governor shall designate the chair of the Council.</text> </section> <section article="gec" article_name="Economic Development" number="11-205" title_number="11" title_name="Military Installation Support" subtitle_number="2" subtitle_name="Maryland Military Installation Council"> <text>The Department shall provide staff support to the Council.</text> </section> <section article="gec" article_name="Economic Development" number="11-206" title_number="11" title_name="Military Installation Support" subtitle_number="2" subtitle_name="Maryland Military Installation Council"> <text>The Council shall make reasonable efforts to:</text> <level label="1"> <text>identify the public infrastructure and other community support necessary to improve the mission efficiencies and for the development and expansion of existing military installations in the State;</text> </level> <level label="2"> <text>identify the existing and potential impacts of encroachment on military installations in the State;</text> </level> <level label="3"> <text>identify potential State and community actions that may minimize the impacts of encroachment and enhance the long–term potential of military installations;</text> </level> <level label="4"> <text>identify opportunities for collaboration among military contractors, local governments, the State, academic institutions, and military departments to enhance the economic potential of military installations and the economic benefits of military installations to the State;</text> </level> <level label="5"> <text>review State policies, including funding and legislation, to identify actions necessary to provide State and local government support to the mission of each military installation in the State; and</text> </level> <level label="6"> <text>research how other jurisdictions have addressed the issues regarding encroachment and partnership formation, with an emphasis on the most recent edition of the joint publication of the National Governors Association Center for Best Practices and the United States Department of Defense entitled “Practical Guide to Compatible Civilian Development Near Military Installations”.</text> </level> </section> <section article="gec" article_name="Economic Development" number="11-207" title_number="11" title_name="Military Installation Support" subtitle_number="2" subtitle_name="Maryland Military Installation Council"> <text>On or before December 31 of each year, the Council shall report its findings and recommendations to the Governor and, in accordance with § 2–1257 of the State Government Article, the General Assembly.</text> </section> <section article="gec" article_name="Economic Development" number="11-301" title_number="11" title_name="Military Installation Support" subtitle_number="3" subtitle_name="Local Redevelopment Authorities"> <level label="a"> <text>In this subtitle the following words have the meanings indicated.</text> </level> <level label="b"> <level label="1"> <text>“Authority” means a corporation incorporated in accordance with this subtitle to act as a local redevelopment authority in accordance with criteria set by the United States Department of Defense or its military services under the federal Defense Base Closure and Realignment Act of 1990.</text> </level> <level label="2"> <text>“Authority” does not include:</text> <level label="i"> <text>Bainbridge Development Corporation; or</text> </level> <level label="ii"> <text>Holabird Working Group/Baltimore Development Corporation (BDC).</text> </level> </level> </level> <level label="c"> <text>“Board” means the Board of Directors of an authority.</text> </level> <level label="d"> <level label="1"> <text>“Bond” means a bond or note issued on behalf of an authority under this subtitle.</text> </level> <level label="2"> <text>“Bond” includes:</text> <level label="i"> <text>a bond anticipation note;</text> </level> <level label="ii"> <text>a revenue anticipation note;</text> </level> <level label="iii"> <text>a grant anticipation note;</text> </level> <level label="iv"> <text>a refunding bond;</text> </level> <level label="v"> <text>a note in the nature of commercial paper; and</text> </level> <level label="vi"> <text>any other evidence of indebtedness issued on behalf of the authority, whether a general or limited obligation of the authority.</text> </level> </level> </level> <level label="e"> <text>“Cost” includes:</text> <level label="1"> <text>the purchase price of a project;</text> </level> <level label="2"> <text>the cost to acquire any right, title, or interest in a project;</text> </level> <level label="3"> <text>the amount to be paid to discharge each obligation necessary or desirable to vest title to any part of a project in the authority or other owner;</text> </level> <level label="4"> <text>the cost of any improvement;</text> </level> <level label="5"> <text>the cost of any property, right, easement, franchise, and permit;</text> </level> <level label="6"> <text>the cost of labor and equipment;</text> </level> <level label="7"> <text>financing charges;</text> </level> <level label="8"> <text>interest before and during construction and, if the authority determines, for a limited period after the completion of construction;</text> </level> <level label="9"> <text>reserves for principal and interest and for improvements;</text> </level> <level label="10"> <text>the cost of revenue estimates, engineering and legal services, plans, designs, specifications, surveys, investigations, demonstrations, studies, estimates of cost, and other expenses necessary or incident to determining the feasibility of an acquisition or improvement;</text> </level> <level label="11"> <text>administrative expenses; and</text> </level> <level label="12"> <text>other expenses necessary or incident to:</text> <level label="i"> <text>financing a project;</text> </level> <level label="ii"> <text>acquiring and improving a project;</text> </level> <level label="iii"> <text>placing a project in operation, including reasonable provision for working capital; and</text> </level> <level label="iv"> <text>operating and maintaining a project.</text> </level> </level> </level> <level label="f"> <text>“Finance” includes refinance.</text> </level> <level label="g"> <text>“Improve” means to add, alter, construct, equip, expand, extend, improve, install, reconstruct, rehabilitate, remodel, or repair.</text> </level> <level label="h"> <text>“Improvement” means addition, alteration, construction, equipping, expansion, extension, improvement, installation, reconstruction, rehabilitation, remodeling, or repair.</text> </level> <level label="i"> <level label="1"> <text>“Person” has the meaning stated in § 9-101 of this article.</text> </level> <level label="2"> <text>“Person” also includes a political subdivision.</text> </level> </level> <level label="j"> <level label="1"> <text>“Project” means an undertaking to establish economic activity under this subtitle on property to be conveyed to an authority by the United States Department of Defense or a military service, whether or not a facility or property used or useful in connection with the undertaking:</text> <level label="i"> <text>is or will be used for profit or not for profit;</text> </level> <level label="ii"> <text>is located on a single site or multiple sites; or</text> </level> <level label="iii"> <text>may be financed by bonds, the interest on which is exempt from taxation under federal law.</text> </level> </level> <level label="2"> <text>“Project” includes:</text> <level label="i"> <text>property and rights related to the property, appurtenances, rights-of-way, franchises, and easements;</text> </level> <level label="ii"> <text>structures, equipment, and furnishings;</text> </level> <level label="iii"> <text>property that is functionally related and subordinate to the project; and</text> </level> <level label="iv"> <text>patents, licenses, and other rights necessary or useful in the improvement or operation of a project.</text> </level> </level> </level> <level label="k"> <level label="1"> <text>“Revenues” means the income, revenue, and other money an authority receives from or in connection with a project.</text> </level> <level label="2"> <text>“Revenues” includes grants, rentals, rates, fees, and charges for the use of the services furnished or available.</text> </level> </level> </section> <section article="gec" article_name="Economic Development" number="11-302" title_number="11" title_name="Military Installation Support" subtitle_number="3" subtitle_name="Local Redevelopment Authorities"> <level label="a"> <text>The General Assembly finds that:</text> <level label="1"> <text>the economy of the State and its local governments will be greatly impacted by the closure or realignment of any military installation through any base realignment or closing action;</text> </level> <level label="2"> <text>although a closure or realignment will result in economic contraction and dislocation, it also affords opportunities to expand productive employment and expand the State’s economy and tax base;</text> </level> <level label="3"> <text>for this reason, the General Assembly enacted the Maryland Military Installation Strategic Planning Council Act; and</text> </level> <level label="4"> <text>the establishment of State–chartered public corporations to develop military installations slated for closure or realignment in the State would:</text> <level label="i"> <text>serve the public interest;</text> </level> <level label="ii"> <text>complement existing State marketing programs administered by the Department through:</text> <level label="1"> <text>its Division of Business Development; and</text> </level> <level label="2"> <text>financial assistance programs such as those of the Maryland Economic Development Assistance Authority and Fund and the Maryland Industrial Development Financing Authority; and</text> </level> </level> <level label="iii"> <text>serve as an additional means to achieve the mission of the Maryland Military Installation Council.</text> </level> </level> </level> <level label="b"> <text>The General Assembly intends that:</text> <level label="1"> <text>an authority structure its projects to accelerate the transfer of facilities and sites from the federal government into productive reuse of the facilities and sites to maximize economic opportunities for the residents of the State; and</text> </level> <level label="2"> <text>this subtitle be a template for the structure, authorization, and operation of each authority accepted by the Office of Economic Adjustment of the United States Department of Defense to perform the tasks required when land is transferred from the federal government to an authority in accordance with the federal Defense Base Closure and Realignment Act of 1990.</text> </level> </level> </section> <section article="gec" article_name="Economic Development" number="11-303" title_number="11" title_name="Military Installation Support" subtitle_number="3" subtitle_name="Local Redevelopment Authorities"> <text>This subtitle is self-executing and fully authorizes the Secretary to create a local redevelopment authority.</text> </section> <section article="gec" article_name="Economic Development" number="11-304" title_number="11" title_name="Military Installation Support" subtitle_number="3" subtitle_name="Local Redevelopment Authorities"> <level label="a"> <text>The Secretary shall execute and file proposed articles of incorporation of an authority with the State Department of Assessments and Taxation.</text> </level> <level label="b"> <text>The proposed articles of incorporation shall state:</text> <level label="1"> <text>the name of the authority;</text> </level> <level label="2"> <text>that the authority is formed under this subtitle;</text> </level> <level label="3"> <text>the names, addresses, and terms of office of the first members of the Board of the authority;</text> </level> <level label="4"> <text>the location of the principal office of the authority;</text> </level> <level label="5"> <text>the purposes for which the authority is formed; and</text> </level> <level label="6"> <text>the powers of the authority, subject to the restrictions or limitations on the powers of the authority under this subtitle.</text> </level> </level> <level label="c"> <text>Acceptance of the articles for record by the State Department of Assessments and Taxation is conclusive evidence of the formation of the authority.</text> </level> <level label="d"> <level label="1"> <text>The Board may amend the articles of incorporation.</text> </level> <level label="2"> <text>Any amendment to the articles of incorporation shall be filed with the State Department of Assessments and Taxation.</text> </level> </level> </section> <section article="gec" article_name="Economic Development" number="11-305" title_number="11" title_name="Military Installation Support" subtitle_number="3" subtitle_name="Local Redevelopment Authorities"> <level label="a"> <text>An authority is a body politic and corporate and is an instrumentality of the State once the State Department of Assessments and Taxation accepts the articles of incorporation for record.</text> </level> <level label="b"> <text>The exercise by an authority of a power under this subtitle is the performance of an essential governmental function.</text> </level> </section> <section article="gec" article_name="Economic Development" number="11-306" title_number="11" title_name="Military Installation Support" subtitle_number="3" subtitle_name="Local Redevelopment Authorities"> <level label="a"> <text>A Board of Directors shall manage the affairs of the authority and exercise all of the powers of the authority.</text> </level> <level label="b"> <text>The Board consists of the following members:</text> <level label="1"> <text>as ex officio members:</text> <level label="i"> <text>the Secretary, or the designee of the Secretary;</text> </level> <level label="ii"> <text>the Secretary of General Services, or the designee of the Secretary of General Services;</text> </level> <level label="iii"> <text>the Secretary of Planning, or the designee of the Secretary of Planning; and</text> </level> <level label="iv"> <text>the president of the military alliance of each county in which the facility is located;</text> </level> </level> <level label="2"> <level label="i"> <text>if the facility is located in one county, the executive director, or equivalent officer, of the county economic development unit and two other members appointed by the governing body of the county in which the facility is located; or</text> </level> <level label="ii"> <text>if the facility is located in more than one county, the executive director, or equivalent officer, of the economic development unit of each county and one other member appointed by the governing body of each county; and</text> </level> </level> <level label="3"> <text>as nonvoting, ex officio members:</text> <level label="i"> <text>the Executive Director of the Maryland Economic Development Corporation;</text> </level> <level label="ii"> <text>the Executive Director of the authority; and</text> </level> <level label="iii"> <text>the Director of Transitional Services of the Maryland Department of Human Services.</text> </level> </level> </level> <level label="c"> <level label="1"> <text>The term of a member of the Board appointed under subsection (b)(2) of this section is 4 years.</text> </level> <level label="2"> <text>The terms of appointed members shall be staggered.</text> </level> <level label="3"> <text>At the end of a term, a member continues to serve until a successor is appointed.</text> </level> <level label="4"> <text>A member who is appointed after a term has begun serves only for the rest of the term and until a successor is appointed.</text> </level> </level> </section> <section article="gec" article_name="Economic Development" number="11-307" title_number="11" title_name="Military Installation Support" subtitle_number="3" subtitle_name="Local Redevelopment Authorities"> <text>From among its members, the Board shall elect a chair, a vice chair, and a treasurer.</text> </section> <section article="gec" article_name="Economic Development" number="11-308" title_number="11" title_name="Military Installation Support" subtitle_number="3" subtitle_name="Local Redevelopment Authorities"> <text>A majority of the voting Board members serving at the time is a quorum.</text> </section> <section article="gec" article_name="Economic Development" number="11-309" title_number="11" title_name="Military Installation Support" subtitle_number="3" subtitle_name="Local Redevelopment Authorities"> <level label="a"> <level label="1"> <text>The Board shall establish a finance committee.</text> </level> <level label="2"> <text>The treasurer of the Board chairs the finance committee and oversees the finances of the authority.</text> </level> </level> <level label="b"> <level label="1"> <text>The Board may establish other committees as appropriate.</text> </level> <level label="2"> <text>The membership of a committee may include individuals who are not Board members.</text> </level> </level> </section> <section article="gec" article_name="Economic Development" number="11-310" title_number="11" title_name="Military Installation Support" subtitle_number="3" subtitle_name="Local Redevelopment Authorities"> <level label="a"> <level label="1"> <text>The Board shall appoint the Executive Director of the authority.</text> </level> <level label="2"> <text>The Executive Director serves at the pleasure of the Board.</text> </level> <level label="3"> <text>The Board shall determine the salary of the Executive Director.</text> </level> </level> <level label="b"> <level label="1"> <text>The Executive Director is the chief operating officer of the authority.</text> </level> <level label="2"> <text>The Executive Director shall manage the administrative affairs and technical activities of the authority in accordance with policies and procedures that the Board establishes.</text> </level> </level> <level label="c"> <text>The Executive Director shall:</text> <level label="1"> <text>attend all meetings of the Board;</text> </level> <level label="2"> <text>act as secretary to the Board;</text> </level> <level label="3"> <text>keep minutes of the proceedings of the Board;</text> </level> <level label="4"> <text>approve salaries, per diem payments, allowable expenses of the authority and its employees or consultants, and any expenses incidental to the operation of the authority; and</text> </level> <level label="5"> <text>perform the other duties that the Board directs in carrying out this subtitle.</text> </level> </level> </section> <section article="gec" article_name="Economic Development" number="11-311" title_number="11" title_name="Military Installation Support" subtitle_number="3" subtitle_name="Local Redevelopment Authorities"> <level label="a"> <text>The Board shall approve additional professional and clerical staff as necessary to carry out this subtitle.</text> </level> <level label="b"> <text>The Board may retain accountants, engineers, lawyers, financial advisors, or other consultants as necessary to carry out this subtitle.</text> </level> </section> <section article="gec" article_name="Economic Development" number="11-312" title_number="11" title_name="Military Installation Support" subtitle_number="3" subtitle_name="Local Redevelopment Authorities"> <level label="a"> <text>Except as otherwise provided in this section, in exercising its corporate powers, the authority:</text> <level label="1"> <text>may carry out its corporate purposes without obtaining the consent of any State unit; and</text> </level> <level label="2"> <text>is not subject to the following provisions of the State Finance and Procurement Article:</text> <level label="i"> <text>Title 2, Subtitles 2 (Gifts and Grants), 4 (Facsimile Signatures and Seals), and 5 (Facilities for Handicapped);</text> </level> <level label="ii"> <text>Title 3 (Budget and Management);</text> </level> <level label="iii"> <text>Title 4 (Department of General Services);</text> </level> <level label="iv"> <text>Title 6, Subtitle 1 (Studies and Estimates);</text> </level> <level label="v"> <text>Title 7, Subtitles 1 (State Operating Budget), 2 (Disbursements and Expenditures), and 3 (Unspent Balances);</text> </level> <level label="vi"> <text>Title 8, Subtitle 1 (General Obligation Debt);</text> </level> <level label="vii"> <text>Title 10 (Board of Public Works – Miscellaneous Provisions); and</text> </level> <level label="viii"> <text>Division II (General Procurement Law).</text> </level> </level> </level> <level label="b"> <level label="1"> <text>The authority and its committees are subject to the Open Meetings Act.</text> </level> <level label="2"> <text>The authority is subject to the Public Information Act.</text> </level> </level> <level label="c"> <text>The officers and employees of the authority are subject to the Maryland Public Ethics Law.</text> </level> <level label="d"> <text>The officers and employees of the authority are not subject to:</text> <level label="1"> <text>Division II of the State Personnel and Pensions Article; or</text> </level> <level label="2"> <text>the provisions of Division I of the State Personnel and Pensions Article that govern the State Personnel Management System.</text> </level> </level> <level label="e"> <text>The authority is subject to the same State and local regulations and regulatory requirements as any private corporation.</text> </level> <level label="f"> <text>A project of the authority is subject to the zoning and subdivision regulations of the political subdivision where the project is located.</text> </level> </section> <section article="gec" article_name="Economic Development" number="11-313" title_number="11" title_name="Military Installation Support" subtitle_number="3" subtitle_name="Local Redevelopment Authorities"> <level label="a"> <text>The authority shall establish a system of financial accounting, controls, audits, and reports.</text> </level> <level label="b"> <text>The fiscal year of the authority begins on July 1 and ends on the following June 30.</text> </level> </section> <section article="gec" article_name="Economic Development" number="11-314" title_number="11" title_name="Military Installation Support" subtitle_number="3" subtitle_name="Local Redevelopment Authorities"> <level label="a"> <text>The authority may establish any accounts that it requires.</text> </level> <level label="b"> <text>The authority shall deposit its money into a State or national bank or a federally insured savings and loan association in the State that has a total paid-in capital of at least $1,000,000.</text> </level> <level label="c"> <text>The authority may designate the trust department of a State or national bank or of a savings and loan association as a depository to receive securities that the authority owns or acquires.</text> </level> <level label="d"> <text>Unless an agreement limits classes of investments, the authority may invest its money in bonds or other obligations of, or guaranteed as to principal and interest by, the United States, a unit of the United States, the State, or a political subdivision of the State.</text> </level> </section> <section article="gec" article_name="Economic Development" number="11-315" title_number="11" title_name="Military Installation Support" subtitle_number="3" subtitle_name="Local Redevelopment Authorities"> <text>The authority may:</text> <level label="1"> <text>adopt bylaws for the conduct of its business;</text> </level> <level label="2"> <text>adopt a seal;</text> </level> <level label="3"> <text>maintain offices in the State;</text> </level> <level label="4"> <text>accept loans, grants, or assistance of any kind from the federal or State government, a local government, or a private source;</text> </level> <level label="5"> <text>enter into contracts and other legal instruments;</text> </level> <level label="6"> <text>sue and be sued in its own name;</text> </level> <level label="7"> <text>acquire, purchase, hold, lease as lessee, and use any franchise, patent, or license and real, personal, mixed, tangible, or intangible property, or any interest in property, necessary or convenient to carry out its purposes;</text> </level> <level label="8"> <text>sell, lease as lessor, transfer, and dispose of its property or interest in property;</text> </level> <level label="9"> <text>fix and collect rates, rentals, fees, and charges for services and facilities the authority provides or makes available;</text> </level> <level label="10"> <text>with the owner’s permission, enter land, waters, or premises to make a survey, sounding, boring, or examination to accomplish a purpose authorized by this subtitle;</text> </level> <level label="11"> <text>exercise a power usually possessed by a private corporation in performing similar functions, unless to do so would conflict with State law or unless the action or decision of the authority would impose liability on the State or any county; and</text> </level> <level label="12"> <text>do all things necessary or convenient to carry out the powers expressly granted by this subtitle.</text> </level> </section> <section article="gec" article_name="Economic Development" number="11-316" title_number="11" title_name="Military Installation Support" subtitle_number="3" subtitle_name="Local Redevelopment Authorities"> <text>The authority may:</text> <level label="1"> <text>acquire, improve, develop, manage, market, lease as lessor or lessee, operate, and maintain a project; and</text> </level> <level label="2"> <text>acquire, either directly or by or through an agreement with the United States Department of Defense or a military service, by purchase or otherwise, any property, rights, rights-of-way, franchises, easements, and other interests in land, including land lying under water and riparian rights located in or outside the State as necessary or convenient to improve or operate a project on terms and at prices that the authority considers to be reasonable.</text> </level> </section> <section article="gec" article_name="Economic Development" number="11-317" title_number="11" title_name="Military Installation Support" subtitle_number="3" subtitle_name="Local Redevelopment Authorities"> <text>The authority may:</text> <level label="1"> <text>borrow money to finance costs of a project or for any other corporate purpose of the authority;</text> </level> <level label="2"> <text>mortgage or otherwise encumber its property or revenues for the loan; and</text> </level> <level label="3"> <text>combine projects for financing.</text> </level> </section> <section article="gec" article_name="Economic Development" number="11-318" title_number="11" title_name="Military Installation Support" subtitle_number="3" subtitle_name="Local Redevelopment Authorities"> <text>To carry out this subtitle, the Maryland Economic Development Corporation may issue bonds from time to time on behalf of the authority to finance costs of a project.</text> </section> <section article="gec" article_name="Economic Development" number="11-319" title_number="11" title_name="Military Installation Support" subtitle_number="3" subtitle_name="Local Redevelopment Authorities"> <text>An obligation of the authority is not a debt, liability, or pledge of the full faith and credit of the State or any county.</text> </section> <section article="gec" article_name="Economic Development" number="11-320" title_number="11" title_name="Military Installation Support" subtitle_number="3" subtitle_name="Local Redevelopment Authorities"> <level label="a"> <text>The authority may:</text> <level label="1"> <text>lend or otherwise make available its net revenue to finance costs of a project; and</text> </level> <level label="2"> <text>enter into a financing agreement, mortgage, or other instrument that it determines is necessary or desirable to evidence or secure the loan.</text> </level> </level> <level label="b"> <text>A lease of property of the authority may require or authorize the lessee or another person, on conveyance of the property to the authority, to purchase or otherwise acquire the property for consideration that the authority establishes.</text> </level> </section> <section article="gec" article_name="Economic Development" number="11-321" title_number="11" title_name="Military Installation Support" subtitle_number="3" subtitle_name="Local Redevelopment Authorities"> <level label="a"> <text>The authority may:</text> <level label="1"> <text>fix and collect rates or charges for its services;</text> </level> <level label="2"> <text>establish the terms and conditions for the services; and</text> </level> <level label="3"> <text>contract with a person for the provision of the services of the authority.</text> </level> </level> <level label="b"> <text>The rates or charges of the authority are not subject to supervision or regulation by any other unit of the State or by a political subdivision of the State.</text> </level> <level label="c"> <text>Subject to any agreement, the authority may apply its revenues to any lawful purpose.</text> </level> <level label="d"> <text>Except as necessary to pay an obligation or to implement programs of the authority, the net revenue of the authority may not benefit a person other than the county or counties in which the facility is located.</text> </level> </section> <section article="gec" article_name="Economic Development" number="11-322" title_number="11" title_name="Military Installation Support" subtitle_number="3" subtitle_name="Local Redevelopment Authorities"> <level label="a"> <text>Except as provided in subsection (b) of this section, the authority is exempt from any requirement to pay any taxes or assessments on its properties, activities, or any revenue from its properties or activities.</text> </level> <level label="b"> <text>Property that the authority sells or leases to a private entity is subject to State and local property taxes from the time of the sale or lease.</text> </level> </section> <section article="gec" article_name="Economic Development" number="11-323" title_number="11" title_name="Military Installation Support" subtitle_number="3" subtitle_name="Local Redevelopment Authorities"> <level label="a"> <level label="1"> <text>As soon as practical after the close of the fiscal year, an independent certified public accountant shall audit the financial books, records, and accounts of the authority.</text> </level> <level label="2"> <text>The finance committee of the authority shall select an accountant to conduct the audit who:</text> <level label="i"> <text>is licensed to practice accountancy in the State;</text> </level> <level label="ii"> <text>is experienced and qualified in the accounting and auditing of public bodies; and</text> </level> <level label="iii"> <text>does not have a direct or indirect interest in the fiscal affairs of the authority.</text> </level> </level> <level label="3"> <level label="i"> <text>Except as provided in subparagraph (ii) of this paragraph, the accountant shall report the results of the audit, including the accountant’s unqualified opinion on the presentation of the financial position and the results of the financial operations of the authority.</text> </level> <level label="ii"> <text>If the accountant cannot express an unqualified opinion, the accountant shall explain in detail the reasons for the qualifications, disclaimers, or opinions, including recommendations of changes that could make future unqualified opinions possible.</text> </level> </level> </level> <level label="b"> <text>The State may audit the books, records, and accounts of the authority.</text> </level> </section> <section article="gec" article_name="Economic Development" number="11-324" title_number="11" title_name="Military Installation Support" subtitle_number="3" subtitle_name="Local Redevelopment Authorities"> <level label="a"> <text>On or before October 1 of each year, the authority shall submit a report to:</text> <level label="1"> <text>the Governor;</text> </level> <level label="2"> <text>the governing body of each county in which the facility is located;</text> </level> <level label="3"> <text>the Department; and</text> </level> <level label="4"> <text>in accordance with § 2-1257 of the State Government Article, the General Assembly.</text> </level> </level> <level label="b"> <text>The report shall include a complete operating and financial statement and a summary of the activities of the authority during the preceding fiscal year.</text> </level> </section> <section article="gec" article_name="Economic Development" number="11-325" title_number="11" title_name="Military Installation Support" subtitle_number="3" subtitle_name="Local Redevelopment Authorities"> <text>This subtitle may be cited as the Maryland Local Military Installation Redevelopment Authority Act.</text> </section> <section article="gec" article_name="Economic Development" number="11-401" title_number="11" title_name="Military Installation Support" subtitle_number="4" subtitle_name="Bainbridge Development Corporation"> <level label="a"> <text>In this subtitle the following words have the meanings indicated.</text> </level> <level label="b"> <text>“Board” means the Board of Directors of the Corporation.</text> </level> <level label="c"> <level label="1"> <text>“Bond” means a bond or note issued on behalf of the Corporation.</text> </level> <level label="2"> <text>“Bond” includes:</text> <level label="i"> <text>a bond anticipation note;</text> </level> <level label="ii"> <text>a revenue anticipation note;</text> </level> <level label="iii"> <text>a grant anticipation note;</text> </level> <level label="iv"> <text>a refunding bond;</text> </level> <level label="v"> <text>a note in the nature of commercial paper; and</text> </level> <level label="vi"> <text>any other evidence of indebtedness issued on behalf of the Corporation, whether a general or limited obligation of the Corporation.</text> </level> </level> </level> <level label="d"> <text>“Corporation” means the Bainbridge Development Corporation.</text> </level> <level label="e"> <text>“Cost” includes:</text> <level label="1"> <text>the purchase price of a project;</text> </level> <level label="2"> <text>the cost to acquire any right, title, or interest in a project;</text> </level> <level label="3"> <text>the amount to be paid to discharge each obligation necessary or desirable to vest title to any part of a project in the Corporation or other owner;</text> </level> <level label="4"> <text>the cost of any improvement;</text> </level> <level label="5"> <text>the cost of any property, right, easement, franchise, and permit;</text> </level> <level label="6"> <text>the cost of labor and equipment;</text> </level> <level label="7"> <text>financing charges;</text> </level> <level label="8"> <text>interest before and during construction and, if the Corporation determines, for a limited period after the completion of construction;</text> </level> <level label="9"> <text>reserves for principal and interest and for improvements;</text> </level> <level label="10"> <text>the cost of revenue estimates, engineering and legal services, plans, designs, specifications, surveys, investigations, demonstrations, studies, estimates of cost, and other expenses necessary or incident to determining the feasibility of an acquisition or improvement of a project;</text> </level> <level label="11"> <text>administrative expenses; and</text> </level> <level label="12"> <text>other expenses necessary or incident to:</text> <level label="i"> <text>financing a project;</text> </level> <level label="ii"> <text>acquiring, improving, and marketing a project;</text> </level> <level label="iii"> <text>placing a project in operation, including reasonable provision for working capital; and</text> </level> <level label="iv"> <text>operating and maintaining a project.</text> </level> </level> </level> <level label="f"> <text>“County Commissioners” means the Board of County Commissioners of Cecil County.</text> </level> <level label="g"> <text>“Finance” includes refinance.</text> </level> <level label="h"> <text>“Improve” means to add, alter, construct, equip, expand, extend, improve, install, reconstruct, rehabilitate, remodel, or repair.</text> </level> <level label="i"> <text>“Improvement” means addition, alteration, construction, equipping, expansion, extension, improvement, installation, reconstruction, rehabilitation, remodeling, or repair.</text> </level> <level label="j"> <level label="1"> <text>“Person” has the meaning stated in § 9-101 of this article.</text> </level> <level label="2"> <text>“Person” also includes a political subdivision.</text> </level> </level> <level label="k"> <level label="1"> <text>“Project” means an undertaking to establish economic activity on property conveyed to the Corporation known as the Bainbridge Naval Training Center, including the historic Tome School for Boys, at Port Deposit, Maryland, whether or not a facility or property used or useful in connection with the undertaking may be financed by bonds, the interest on which is exempt from taxation under federal law.</text> </level> <level label="2"> <text>“Project” includes:</text> <level label="i"> <text>property and rights related to the property, appurtenances, rights-of-way, franchises, and easements;</text> </level> <level label="ii"> <text>infrastructure, equipment, and furnishings;</text> </level> <level label="iii"> <text>property that is functionally related and subordinate to a project; and</text> </level> <level label="iv"> <text>patents, licenses, and other rights necessary or useful in the construction or operation of a project.</text> </level> </level> </level> <level label="l"> <level label="1"> <text>“Revenues” means:</text> <level label="i"> <text>the income, revenue, and other money the Corporation receives from or in connection with a project; and</text> </level> <level label="ii"> <text>all other income of the Corporation.</text> </level> </level> <level label="2"> <text>“Revenues” includes grants, rentals, rates, fees, and charges for the use of services furnished or available.</text> </level> </level> </section> <section article="gec" article_name="Economic Development" number="11-402" title_number="11" title_name="Military Installation Support" subtitle_number="4" subtitle_name="Bainbridge Development Corporation"> <level label="a"> <text>There is a Bainbridge Development Corporation.</text> </level> <level label="b"> <text>The Corporation is a body politic and corporate and is an instrumentality of the State.</text> </level> <level label="c"> <text>The exercise by the Corporation of a power under this subtitle is the performance of an essential governmental function.</text> </level> </section> <section article="gec" article_name="Economic Development" number="11-403" title_number="11" title_name="Military Installation Support" subtitle_number="4" subtitle_name="Bainbridge Development Corporation"> <level label="a"> <text>A Board of Directors shall manage the affairs of the Corporation and exercise all of the powers of the Corporation.</text> </level> <level label="b"> <text>The Board consists of the following 15 members:</text> <level label="1"> <text>eight members appointed by the County Commissioners as follows:</text> <level label="i"> <text>two members recommended by the Mayor and Town Council of Port Deposit;</text> </level> <level label="ii"> <text>two members recommended by the State legislative delegation of Cecil County; and</text> </level> <level label="iii"> <text>four members at large;</text> </level> </level> <level label="2"> <text>the Director of the Cecil County Department of Economic Development; and</text> </level> <level label="3"> <text>six nonvoting ex officio members as follows:</text> <level label="i"> <text>the Secretary, or the designee of the Secretary;</text> </level> <level label="ii"> <text>the Secretary of General Services, or the designee of the Secretary of General Services;</text> </level> <level label="iii"> <text>the Executive Director of the Maryland Economic Development Corporation;</text> </level> <level label="iv"> <text>the Director of the Maryland Historical Trust;</text> </level> <level label="v"> <text>the President of the County Commissioners; and</text> </level> <level label="vi"> <text>the Mayor of Port Deposit.</text> </level> </level> </level> <level label="c"> <level label="1"> <text>The term of a member of the Board appointed under subsection (b)(1) of this section is 4 years.</text> </level> <level label="2"> <text>The terms of appointed members are staggered as required by the terms provided for members of the Board on October 1, 2008.</text> </level> <level label="3"> <text>At the end of a term, a member continues to serve until a successor is appointed.</text> </level> <level label="4"> <text>A member who is appointed after a term has begun serves only for the rest of the term and until a successor is appointed.</text> </level> </level> </section> <section article="gec" article_name="Economic Development" number="11-404" title_number="11" title_name="Military Installation Support" subtitle_number="4" subtitle_name="Bainbridge Development Corporation"> <text>From among its members, the Board shall elect a chair, a vice chair, and a treasurer.</text> </section> <section article="gec" article_name="Economic Development" number="11-405" title_number="11" title_name="Military Installation Support" subtitle_number="4" subtitle_name="Bainbridge Development Corporation"> <level label="a"> <text>Five members of the Board are a quorum.</text> </level> <level label="b"> <text>An affirmative vote of at least five members is needed for the Board to act.</text> </level> </section> <section article="gec" article_name="Economic Development" number="11-406" title_number="11" title_name="Military Installation Support" subtitle_number="4" subtitle_name="Bainbridge Development Corporation"> <level label="a"> <level label="1"> <text>Subject to the approval of the County Commissioners, the Board shall appoint an Executive Director.</text> </level> <level label="2"> <text>The Executive Director serves at the pleasure of the Board.</text> </level> <level label="3"> <text>The Board shall determine the salary of the Executive Director.</text> </level> </level> <level label="b"> <level label="1"> <text>The Executive Director is the chief administrative officer of the Corporation.</text> </level> <level label="2"> <text>The Executive Director shall manage the administrative affairs and technical activities of the Corporation in accordance with policies and procedures that the Board establishes.</text> </level> </level> <level label="c"> <text>The Executive Director, or the Executive Director’s designee, shall:</text> <level label="1"> <text>attend all meetings of the Board;</text> </level> <level label="2"> <text>act as secretary to the Board;</text> </level> <level label="3"> <text>keep minutes of the proceedings of the Board;</text> </level> <level label="4"> <text>approve salaries, per diem payments, allowable expenses of the Corporation and its employees or consultants, and any expenses incidental to the operation of the Corporation; and</text> </level> <level label="5"> <text>perform the other duties that the Board directs in carrying out this subtitle.</text> </level> </level> </section> <section article="gec" article_name="Economic Development" number="11-407" title_number="11" title_name="Military Installation Support" subtitle_number="4" subtitle_name="Bainbridge Development Corporation"> <level label="a"> <text>The Board shall approve additional professional and clerical staff as necessary to carry out this subtitle.</text> </level> <level label="b"> <text>The Board may retain accountants, engineers, lawyers, financial advisors, or other consultants as necessary to carry out this subtitle.</text> </level> </section> <section article="gec" article_name="Economic Development" number="11-408" title_number="11" title_name="Military Installation Support" subtitle_number="4" subtitle_name="Bainbridge Development Corporation"> <level label="a"> <text>Except as otherwise provided in this section, in exercising its corporate powers, the Corporation:</text> <level label="1"> <text>may carry out its corporate purposes without obtaining the consent of any other State unit; and</text> </level> <level label="2"> <text>is not subject to:</text> <level label="i"> <text>Title 11 of the State Government Article (Consolidated Procedures for Development Permits); and</text> </level> <level label="ii"> <text>the following provisions of the State Finance and Procurement Article:</text> <level label="1"> <text>Title 2, Subtitles 2 (Gifts and Grants), 4 (Facsimile Signatures and Seals), and 5 (Facilities for Handicapped);</text> </level> <level label="2"> <text>Title 3 (Budget and Management);</text> </level> <level label="3"> <text>Title 4 (Department of General Services);</text> </level> <level label="4"> <text>§ 5A–304 (Maryland Historical Trust Property Acquisition);</text> </level> <level label="5"> <text>Title 6, Subtitle 1 (Revenues: Studies and Estimates);</text> </level> <level label="6"> <text>Title 7, Subtitles 1 (State Operating Budget), 2 (Disbursements and Expenditures), and 3 (Unspent Balances);</text> </level> <level label="7"> <text>Title 8, Subtitle 1 (General Obligation Debt);</text> </level> <level label="8"> <text>Title 10 (Board of Public Works – Miscellaneous Provisions); and</text> </level> <level label="9"> <text>Division II (General Procurement Law).</text> </level> </level> </level> </level> <level label="b"> <level label="1"> <text>The Corporation is subject to:</text> <level label="i"> <text>the Public Information Act; and</text> </level> <level label="ii"> <text>the Open Meetings Act.</text> </level> </level> <level label="2"> <text>For purposes of the Open Meetings Act, a project site visit or educational field tour may not be considered a meeting of the Corporation if no organizational business is conducted.</text> </level> </level> <level label="c"> <text>The officers and employees of the Corporation are subject to the Maryland Public Ethics Law.</text> </level> <level label="d"> <text>The officers and employees of the Corporation are not subject to:</text> <level label="1"> <text>Division II of the State Personnel and Pensions Article; or</text> </level> <level label="2"> <text>the provisions of Division I of the State Personnel and Pensions Article that govern the State Personnel Management System.</text> </level> </level> <level label="e"> <text>The Corporation is subject to the same State and local regulatory requirements as any private corporation.</text> </level> <level label="f"> <text>A project of the Corporation is subject to the zoning and subdivision regulations of the political subdivision where the project is located.</text> </level> </section> <section article="gec" article_name="Economic Development" number="11-409" title_number="11" title_name="Military Installation Support" subtitle_number="4" subtitle_name="Bainbridge Development Corporation"> <level label="a"> <text>The Corporation shall establish a system of financial accounting, controls, audits, and reports.</text> </level> <level label="b"> <text>The fiscal year of the Corporation begins on July 1 and ends on the following June 30.</text> </level> </section> <section article="gec" article_name="Economic Development" number="11-410" title_number="11" title_name="Military Installation Support" subtitle_number="4" subtitle_name="Bainbridge Development Corporation"> <level label="a"> <text>The Corporation may establish any accounts that it requires.</text> </level> <level label="b"> <text>The Corporation shall deposit its money into a State or national bank or a federally insured savings and loan association in the State that has a total paid-in capital of at least $1,000,000.</text> </level> <level label="c"> <text>The Corporation may designate the trust department of a State or national bank or of a savings and loan association as a depository to receive securities that the Corporation owns or acquires.</text> </level> <level label="d"> <text>Unless an agreement limits classes of investments, the Corporation may invest its money in bonds or other obligations of, or guaranteed as to principal and interest by, the United States, the State, or a unit or political subdivision of the State.</text> </level> </section> <section article="gec" article_name="Economic Development" number="11-411" title_number="11" title_name="Military Installation Support" subtitle_number="4" subtitle_name="Bainbridge Development Corporation"> <text>The Corporation may:</text> <level label="1"> <text>adopt bylaws for the conduct of its business;</text> </level> <level label="2"> <text>adopt a seal;</text> </level> <level label="3"> <text>maintain an office at the Bainbridge Naval Training Center;</text> </level> <level label="4"> <text>accept loans, grants, or assistance of any kind from the federal or State government, a local government, or a private source;</text> </level> <level label="5"> <text>enter into contracts and other legal instruments;</text> </level> <level label="6"> <text>sue and be sued in its own name;</text> </level> <level label="7"> <text>acquire, purchase, hold, lease as lessee, and use any franchise, patent, or license and real, personal, mixed, tangible, or intangible property, or any interest in property, necessary or convenient to carry out its purposes;</text> </level> <level label="8"> <text>sell, lease as lessor, transfer, and dispose of its property or interest in property;</text> </level> <level label="9"> <text>fix and collect rates, rentals, fees, and charges for services and facilities it provides or makes available;</text> </level> <level label="10"> <text>with the owner’s permission, enter land, waters, or premises to make a survey, sounding, boring, or examination to accomplish a purpose authorized by this subtitle;</text> </level> <level label="11"> <text>exercise a power usually possessed by a private corporation in performing similar functions, unless to do so would conflict with State law; and</text> </level> <level label="12"> <text>do all things necessary or convenient to carry out the powers expressly granted by this subtitle.</text> </level> </section> <section article="gec" article_name="Economic Development" number="11-412" title_number="11" title_name="Military Installation Support" subtitle_number="4" subtitle_name="Bainbridge Development Corporation"> <text>The Corporation may:</text> <level label="1"> <text>acquire, improve, develop, manage, market, lease as lessor or lessee, operate, and maintain any project at the Bainbridge Naval Training Center; and</text> </level> <level label="2"> <text>acquire, either directly or by or through an agreement with the United States Navy, by purchase, gift, or devise, any property, rights, rights-of-way, franchises, easements, and other interests in land, including land lying under water and riparian rights located in or outside the State as necessary or convenient to improve or operate a project on terms and at prices that the Corporation considers reasonable.</text> </level> </section> <section article="gec" article_name="Economic Development" number="11-413" title_number="11" title_name="Military Installation Support" subtitle_number="4" subtitle_name="Bainbridge Development Corporation"> <text>The Corporation may:</text> <level label="1"> <text>borrow money to finance costs of a project or for any other corporate purpose of the Corporation;</text> </level> <level label="2"> <text>secure the payment of the borrowing by pledge of or mortgage or deed of trust on property or revenues of the Corporation; and</text> </level> <level label="3"> <text>combine projects for financing.</text> </level> </section> <section article="gec" article_name="Economic Development" number="11-414" title_number="11" title_name="Military Installation Support" subtitle_number="4" subtitle_name="Bainbridge Development Corporation"> <text>To carry out this subtitle, the Maryland Economic Development Corporation may issue bonds from time to time on behalf of the Bainbridge Development Corporation to finance costs of a project.</text> </section> <section article="gec" article_name="Economic Development" number="11-415" title_number="11" title_name="Military Installation Support" subtitle_number="4" subtitle_name="Bainbridge Development Corporation"> <text>An obligation of the Corporation is not a debt, liability, or pledge of the full faith and credit of the State.</text> </section> <section article="gec" article_name="Economic Development" number="11-416" title_number="11" title_name="Military Installation Support" subtitle_number="4" subtitle_name="Bainbridge Development Corporation"> <text>The Corporation may:</text> <level label="1"> <text>lend or otherwise make available its net revenue to finance costs of a project; and</text> </level> <level label="2"> <text>enter into a financing agreement, mortgage, or other instrument that it determines is necessary or desirable to evidence or secure the loan.</text> </level> </section> <section article="gec" article_name="Economic Development" number="11-417" title_number="11" title_name="Military Installation Support" subtitle_number="4" subtitle_name="Bainbridge Development Corporation"> <level label="a"> <text>The Corporation may:</text> <level label="1"> <text>fix and collect rates or charges for its services;</text> </level> <level label="2"> <text>establish the terms and conditions for the services; and</text> </level> <level label="3"> <text>contract with a person for the provision of the services of the Corporation.</text> </level> </level> <level label="b"> <text>The rates or charges of the Corporation are not subject to supervision or regulation by any other unit of the State or by a political subdivision of the State.</text> </level> <level label="c"> <text>Subject to any agreement, the Corporation may apply its revenues to any lawful purpose.</text> </level> <level label="d"> <text>Except as necessary to pay an obligation or to implement programs of the Corporation, the net revenue of the Corporation may not benefit a person other than Cecil County.</text> </level> </section> <section article="gec" article_name="Economic Development" number="11-418" title_number="11" title_name="Military Installation Support" subtitle_number="4" subtitle_name="Bainbridge Development Corporation"> <level label="a"> <text>Except as provided in subsection (b) of this section, the Corporation is exempt from any requirement to pay any taxes or assessments on its properties, activities, or any revenue from its properties or activities.</text> </level> <level label="b"> <text>Property that the Corporation sells or leases to a private entity is subject to State and local property taxes from the time of the sale or lease.</text> </level> </section> <section article="gec" article_name="Economic Development" number="11-419" title_number="11" title_name="Military Installation Support" subtitle_number="4" subtitle_name="Bainbridge Development Corporation"> <level label="a"> <text>The Board shall establish a Bainbridge Development Advisory Board.</text> </level> <level label="b"> <text>The Advisory Board consists of:</text> <level label="1"> <text>a representative of the County Commissioners;</text> </level> <level label="2"> <text>the State legislative delegation of Cecil County;</text> </level> <level label="3"> <text>a representative of the Mayor of Port Deposit;</text> </level> <level label="4"> <text>a representative of the Town Council of Port Deposit;</text> </level> <level label="5"> <text>the President of Cecil Community College;</text> </level> <level label="6"> <text>the Superintendent of the Cecil County Public Schools;</text> </level> <level label="7"> <text>the Coordinator of the Lower Susquehanna Heritage Greenway; and</text> </level> <level label="8"> <text>other individuals the Board of Directors selects.</text> </level> </level> </section> <section article="gec" article_name="Economic Development" number="11-420" title_number="11" title_name="Military Installation Support" subtitle_number="4" subtitle_name="Bainbridge Development Corporation"> <level label="a"> <level label="1"> <text>As soon as practical after the close of the fiscal year, an independent certified public accountant shall audit the financial books, records, and accounts of the Corporation.</text> </level> <level label="2"> <text>The Corporation shall select an accountant to conduct the audit who:</text> <level label="i"> <text>is licensed to practice accountancy in the State;</text> </level> <level label="ii"> <text>is experienced and qualified in the accounting and auditing of public bodies; and</text> </level> <level label="iii"> <text>does not have a direct or indirect personal interest in the fiscal affairs of the Corporation.</text> </level> </level> <level label="3"> <level label="i"> <text>Except as provided in subparagraph (ii) of this paragraph, the accountant shall report the results of the audit, including the accountant’s unqualified opinion on the presentation of the financial position and the results of the financial operations of the Corporation.</text> </level> <level label="ii"> <text>If the accountant cannot express an unqualified opinion, the accountant shall explain in detail the reasons for the qualifications, disclaimers, or opinions, including recommendations of changes that could make future unqualified opinions possible.</text> </level> </level> </level> <level label="b"> <text>The State may audit the books, records, and accounts of the Corporation.</text> </level> </section> <section article="gec" article_name="Economic Development" number="11-421" title_number="11" title_name="Military Installation Support" subtitle_number="4" subtitle_name="Bainbridge Development Corporation"> <level label="a"> <text>On or before October 1 of each year, the Corporation shall submit a report to:</text> <level label="1"> <text>the Governor;</text> </level> <level label="2"> <text>the County Commissioners;</text> </level> <level label="3"> <text>the Department; and</text> </level> <level label="4"> <text>in accordance with § 2-1257 of the State Government Article, the General Assembly.</text> </level> </level> <level label="b"> <text>The report shall include a complete operating and financial statement covering the operations of the Corporation during the preceding fiscal year and a summary of the activities of the Corporation during the preceding fiscal year.</text> </level> </section>