§ 18-111

Md. Code Ann., Local Gov't § 18-111

Earnings of authority

Effective Oct 1, 2015Added by Acts 2013, c. 119, § 2, eff. Oct. 1, 2013. Amended by Acts 2015, c. 181, § 1, eff. Oct. 1, 2015.State of Maryland

The net earnings of an authority, other than those necessary to pay debt services or implement the public purposes of this subtitle, may not be used for the benefit of a person.

Added by Acts 2013, c. 119, § 2, eff. Oct. 1, 2013. Amended by Acts 2015, c. 181, § 1, eff. Oct. 1, 2015.