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Current as of January 01, 2025 | Updated by Findlaw Staff
(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.
Cite this article: FindLaw.com - Maryland Code, Economic Development § 13-612 - last updated January 01, 2025 | https://codes.findlaw.com/md/economic-development/md-code-econ-dev-sect-13-612/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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