Maryland Code, LOCAL GOVERNMENT 21-104
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Terms Used In Maryland Code, LOCAL GOVERNMENT 21-104
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
An authority may not:
(1) exercise the power of eminent domain;
(2) purchase, sell, construct, or lease, as a lessor, office or retail space; or
(3) except as otherwise authorized by law, engage in competition with the private sector.