# Economic Development (GEC)

## Title 5. Economic Development and Financial Assistance Programs

### Subtitle 4. Maryland Industrial Development Financing Authority

#### Section 5-407

(a)

  (1) The Authority consists of the following nine members:

    (i) seven members appointed by the Governor with the advice and consent of the Senate; and

    (ii) as ex officio members:

      (1) the Secretary; and

      (2) the Treasurer or the Comptroller, as the Governor designates.

  (2) An ex officio member may designate a representative to serve on the Authority.

(b) The appointed members shall:

  (1) have substantial experience in business or economic development; and

  (2) reflect the geographic, racial, ethnic, and gender makeup of the State.

(c)

  (1) The term of an appointed member is 5 years.

  (2) The terms of the appointed members are staggered as required by the terms provided for members of the Authority on October 1, 2008.

  (3) At the end of a term, an appointed 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.

(d) The Governor may remove an appointed member with or without cause.

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Md. Code Ann., Econ. Dev. (as displayed at mgaleg.maryland.gov, October 16, 2026)