# Economic Development (GEC)

## Title 5. Economic Development and Financial Assistance Programs

### Subtitle 4. Maryland Industrial Development Financing Authority

#### Section 5-410

(a)

  (1) Five members of the Authority are a quorum.

  (2) An affirmative vote of at least four members is needed for the Authority to act.

(b) The Authority shall determine the times and places of its meetings.

(c) A member of the Authority:

  (1) is not entitled to compensation as a member of the Authority; but

  (2) is entitled to reimbursement for expenses under the Standard State Travel Regulations, as provided in the State budget.

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