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§ 10-106. Board of Directors

MD Econ Dev Code § 10-106 (2019) (N/A)
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(a)    A Board of Directors shall manage the Corporation and exercise its powers.

(b)    The Board consists of the following 12 members:

(1)    as ex officio voting members:

(i)    the Secretary; and

(ii)    the Secretary of Transportation; and

(2)    the following members, appointed by the Governor with the advice and consent of the Senate:

(i)    two representatives of local government;

(ii)    three members who are knowledgeable in real estate or commercial financing;

(iii)    three members who are knowledgeable in industrial development or industrial relations; and

(iv)    two members of the general public.

(c)    Each member of the Board shall be a resident of the State.

(d)    In appointing Board members, the Governor shall consider geographic diversity and minority representation.

(e)    (1)    The term of an appointed member is 4 years.

(2)    The terms of the appointed members are staggered as required by the terms provided for members of the Board on October 1, 2008.

(3)    At the end of a term, a member continues to serve until a successor is appointed and qualifies.

(4)    A member who is appointed after a term has begun serves only for the rest of the term and until a successor is appointed and qualifies.

(f)    Before taking office, each member appointed to the Board shall take the oath required by Article 1, § 9 of the Maryland Constitution.

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§ 10-107. Officers