Md. Code Ann., Econ. Dev. § 10-4A-26
Construction with State Finance and Procurement Article
Effective Oct 1, 2020Added as Economic Development § 6-527 by Acts 2011, c. 409, § 1, eff. July 1, 2011. Renumbered as Economic Development § 10-497 and amended by Acts 2015, c. 141, § 2, eff. Oct. 1, 2015. Renumbered as Economic Development § 10-4A-26 and amended by Acts 2020, c. 580, § 1, eff. Oct. 1, 2020.State of Maryland
- (a) Except as provided in subsection (b) of this section, Division II of the State Finance and Procurement Article does not apply to a service that the Corporation obtains that is related to the investment, management, analysis, purchase, or sale of an asset of the Corporation in a transaction authorized under this subtitle.
- (b) The Corporation is subject to Title 12, Subtitle 4 of the State Finance and Procurement Article for services related to the investment, management, analysis, purchase, or sale of assets of the Corporation in any transaction authorized under this subtitle.
- (c) Section 10-305 of the State Finance and Procurement Article does not apply to the sale, lease, transfer, exchange, or other disposition of real or personal property, including a share of stock in a business entity, that the Corporation acquires in a transaction authorized under this subtitle.
Added as Economic Development § 6-527 by Acts 2011, c. 409, § 1, eff. July 1, 2011. Renumbered as Economic Development § 10-497 and amended by Acts 2015, c. 141, § 2, eff. Oct. 1, 2015. Renumbered as Economic Development § 10-4A-26 and amended by Acts 2020, c. 580, § 1, eff. Oct. 1, 2020.