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§ 10-619. Authority to acquire ownership interest in professional teams

MD Econ Dev Code § 10-619 (2019) (N/A)
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(a)    Subject to the prior approval of the Board of Public Works, the Authority may:

(1)    hold an ownership interest in or operate a professional football or major league professional baseball team or team franchise for up to 2 years during a transition to private ownership; and

(2)    continue to hold, but not operate, an ownership interest in a professional football or major league professional baseball team during a transition of the team without a time limitation.

(b)    If necessary, the Board of Public Works may renew its approval under subsection (a) of this section each year.

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