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Statutes Text

Article - Economic Development




§10–619.

    (a)    Subject to the prior approval of the Board of Public Works, the Authority may:

        (1)    hold an ownership interest in or operate a professional football or major league professional baseball team or team franchise for up to 2 years during a transition to private ownership; and

        (2)    continue to hold, but not operate, an ownership interest in a professional football or major league professional baseball team during a transition of the team without a time limitation.

    (b)    If necessary, the Board of Public Works may renew its approval under subsection (a) of this section each year.



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