Statutes Text
Article - Economic Development
§10–1004. IN EFFECT
// EFFECTIVE UNTIL JUNE 30, 2027 PER CHAPTER 111 OF 2023 //
(a) (1) Subject to paragraph (2) of this subsection, the Authority consists of:
(i) the following members appointed by the Governor with the advice and consent of the Senate:
1. one member from a list of two individuals nominated by the Maryland Thoroughbred Horsemen’s Association;
2. one member from a list of two individuals nominated by the Maryland Horse Breeders Association; and
3. three other members who possess relevant industry, business, or government experience:
A. at least one of whom shall have experience in real estate development or the financial services industries; and
B. one of whom shall serve as Chair;
(ii) the Chair or Executive Director of the Maryland Stadium Authority, or the designee of the Chair or Executive Director;
(iii) the Chair or Executive Director of the Maryland Economic Development Corporation, or the designee of the Corporation’s Board of Directors;
(iv) one member who is not an elected official, appointed by the President of the Senate;
(v) one member who is not an elected official, appointed by the Speaker of the House;
(vi) the following nonvoting, ex officio members, appointed by the Governor:
1. one member of the community who resides near Laurel Park Race Course;
2. one member of the community who resides near Pimlico Race Course; and
3. one member of the community who resides near the Bowie Race Course Training Center property; and
(vii) one nonvoting, ex officio member of the State Racing Commission, designated by a majority of the members of the State Racing Commission.
(2) A majority of the members of the Authority may not have a direct interest in thoroughbred horse racing as an owner, trainer, or licensee.
(b) (1) The term of a member is 4 years.
(2) At the end of a term, a member continues to serve until a successor is appointed and qualifies.
(3) The terms of the initial five members appointed by the Governor shall be staggered.
(c) (1) Five members of the Authority are a quorum.
(2) Action by the Authority requires the affirmative vote of at least five members of the Authority.
(d) A member of the Authority:
(1) may not receive compensation as a member of the Authority; and
(2) is entitled to reimbursement for expenses under the Standard State Travel Regulations, as provided in the State budget.