Maryland Code, ECONOMIC DEVELOPMENT 10-126
Terms Used In Maryland Code, ECONOMIC DEVELOPMENT 10-126
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Person: includes an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, corporation, partnership, business trust, statutory trust, limited liability company, firm, association, or other nongovernmental entity. See
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See
(1) fix and collect rates or charges for its services;
(2) establish the terms and conditions for the services; and
(3) contract with a person for the use of the Corporation’s services.
(b) The rates or charges of the Corporation are not subject to supervision or regulation by a governmental unit.
(c) Subject to any agreement, the Corporation may apply the rates, charges, and other revenues received by the Corporation to any lawful purpose.
(d) Except as necessary to pay debt service or implement programs of the Corporation, the net earnings of the Corporation may not benefit a person other than the State.