Maryland Code, Economic Development § 10-622

Current as of January 01, 2025 | Updated by Findlaw Staff

(a)(1) Subject to subsection (b) of this section, the Authority may prepare studies and may design and construct projects for units of the State, the University of Maryland Medical System, and political subdivisions.

(2) The studies may include site studies, architectural programs, budget estimates, value engineering, and project schedules.

(b) Before beginning work under subsection (a) of this section on behalf of a unit of the State, the University of Maryland Medical System, or a political subdivision, the Authority shall:

(1) notify the budget committees of the General Assembly in writing of the proposed project and its estimated costs and funding sources; and

(2) allow the budget committees 30 days to review and comment on the proposed work.

(c) The Authority may enter into contracts, retain consultants, and make recommendations relating to project activities under this section.

(d)(1) For project activities under this section, the Authority shall use money that is:

(i) provided by the unit of the State, the University of Maryland Medical System, or local government; or

(ii) otherwise appropriated for the particular purpose.

(2) In each fiscal year the Authority:

(i) may use up to $500,000 of its available nonbudgeted money for feasibility studies that are approved by the budget committees; but

(ii) may not use this money for construction.

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Cite this article: FindLaw.com - Maryland Code, Economic Development § 10-622 - last updated January 01, 2025 | https://codes.findlaw.com/md/economic-development/md-code-econ-dev-sect-10-622/

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