State Codes and Statutes
Statutes > Maryland > Economic-development > Title-10 > Subtitle-6 > 10-619§ 10-619. Authority to acquire ownership interest in professional teams.
(a) General authority.- 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) Board of Public Works - Renewable approval.- If necessary, the Board of Public Works may renew its approval under subsection (a) of this section each year.
[FI § 13-710; 2008, ch. 306, § 2.]
