Section 12-108 - Benefit of net earnings. - Maryland Statutes

§ 12-108. Benefit of net earnings.
 

Except as necessary to pay debt service or implement the public purposes or programs of the incorporating county or municipal corporation, the net earnings of an authority may benefit only the incorporating county or municipal corporation and may not benefit any person. 
 

[An. Code 1957, art. 41, § 14-103(j); 2008, ch. 306, § 2.]