Section 2-206 - Miscellaneous powers and duties. - Maryland Statutes

§ 2-206. Miscellaneous powers and duties.
 

(a)  Powers.- The Commission may: 

(1) adopt bylaws for the conduct of its business; 

(2) hire consultants; and 

(3) do anything necessary or convenient to carry out its powers and the purposes of this subtitle. 

(b)  Duties.- The Commission shall: 

(1) develop and update an economic development strategic plan for the State; 

(2) seek ideas and advice from each region of the State to develop the economic development strategic plan; 

(3) incorporate into the economic development strategic plan the Maryland Port Administration strategic plan developed for the Helen Delich Bentley Port of Baltimore; 

(4) recommend to the Governor the program and spending priorities needed to implement the economic development strategic plan; 

(5) review the allocation of financing incentives; 

(6) participate in marketing the State and encouraging new businesses to locate in the State; 

(7) seek contributions from the private sector to supplement economic development programs and financial incentives to business; and 

(8) carry out other economic development activities that the Governor requests. 

(c)  Approved budget amendment required.- The Commission may spend money raised under subsection (b) of this section only in accordance with the State budget. 

(d)  Approval of regulations.- Departmental regulations that pertain to financing programs shall be approved by the Commission before adoption. 
 

[An. Code 1957, art. 83A, § 1-202(b), (c), (f), (g); 2008, ch. 306, § 2.]