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(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.
Cite this article: FindLaw.com - Maryland Code, Economic Development § 10-619 - last updated December 31, 2021 | https://codes.findlaw.com/md/economic-development/md-code-econ-dev-sect-10-619/
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