Regulation .09 Participation by Minority Business Enterprise.
Regulation .09 Participation by Minority Business Enterprise.LinkCopy Citation
When bonds are issued by the Authority, it is in the interest of the public welfare and purpose that the Authority attempt to achieve a goal that 10 percent of the facility users are minority business enterprises within the meaning indicated in the State Finance and Procurement Article, §18-601, Annotated Code of Maryland. The failure to achieve the goal, however, may not affect in any way the:
A.
Validity or enforceability of any bonds issued by the Authority;
B.
Validity of any finding or determination by the Authority under the MIDFA Act; or
C.
Validity or enforceability of any agreement entered into by the Authority under the MIDFA Act.