1. (a) In this section, “public entity” means:

   1. (1) a political subdivision of the State;
   2. (2) a unit of the State or a local government;

   3. (3) a nonprofit or nonstock corporation that:

      1. (i) receives 50% or more of its annual operating budget from the State or a local government; and
      2. (ii) is exempt from taxation under § 501(c)(3) or (4) of the Internal Revenue Code; or
   4. (4) a Resilience Authority as defined in § 22-101 of the Local Government Article.
2. (b) Public entities may pool together to purchase casualty insurance, property insurance, or health insurance or to self-insure against casualty, property, or health risks.

Added by Acts 1996, c. 11, § 1, eff. Oct. 1, 1997. Amended by Acts 2025, c. 350, § 1, eff. Oct. 1, 2025; Acts 2025, c. 351, § 1, eff. Oct. 1, 2025.

Formerly Art. 48A, § 482B.