# Financial Institutions (GFI)

## Title 13. State-Operated Financial Programs

### Subtitle 10. Canal Place Preservation and Development Authority

#### Section 13-1011

Subject to Sec. 13-1012 of this subtitle, within 18 months after the date on which the Authority conducts its first meeting, the Authority shall develop and submit to the Maryland Historical Trust a management plan that:

(1) Specifies the goals and objectives for the preservation, development, and management of the Heritage Area;

(2) Provides an inventory of the significant resources in the Heritage Area, including its cultural, historic, and natural resources;

(3) Identifies the types of public and private uses to be accommodated in the Heritage Area;

(4) Describes the educational, interpretative, and recreational programs and projects concerning the Heritage Area;

(5) Describes plans for encouraging and accommodating visitation to and economic development of the Heritage Area;

(6) Provides an economic assessment of the long and short term costs and benefits related to the implementation of the management plan, including an identification of expected sources of funding;

(7) Describes the specific techniques or means for the long term preservation and protection of the significant resources in the Heritage Area, including its cultural, historic, and natural resources;

(8) Describes the public and private organizational structure to be utilized for planning, development, and management of the Heritage Area; and

(9) Provides a schedule for the planning, development, and management of the Heritage Area.

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