2013 Maryland Code
ECONOMIC DEVELOPMENT
§ 10-619 - Authority to acquire ownership interest in professional teams
§10-619.
(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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