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Statutes Text

Article - Economic Development


    (a)    In this section, “property manager” means an entity responsible for the management and maintenance of real property, including:

        (1)    finding tenants;

        (2)    collecting rent;

        (3)    paying expenses and applicable taxes;

        (4)    maintaining utilities and systems; and

        (5)    taking any necessary actions to manage and operate real property.

    (b)    The Council may operate in the region.

    (c)    The Council may:

        (1)    adopt a seal;

        (2)    sue;

        (3)    adopt bylaws and rules for the conduct of its business;

        (4)    enter into contracts and agreements;

        (5)    borrow money and accept advances, loans, grants, contributions, and any other form of assistance from the federal government, the State, or other public or private source;

        (6)    give any required security;

        (7)    include in any contract for financial assistance with the federal government any reasonable and appropriate condition imposed under federal law that is not inconsistent with the purposes of this subtitle;

        (8)    execute any instrument and act as necessary, convenient, or desirable to carry out its powers and the purposes of this subtitle; and

        (9)    act as a property manager of the Southern Maryland Regional Agricultural Center owned by and located within St. Mary’s County.

    (d)    The Council shall publish its rules.

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