(a) An authority shall:
(1) adopt a code of ethics for the authority’s directors, officers, and employees;
(2) establish policies and procedures requiring:
(i) the disclosure of relationships that may create a conflict of interest; and
(ii) any member of the board with a direct or indirect interest in a matter before the authority to disclose the member’s interest to the board before the board takes any action on the matter; and
(3) comply with the Open Meetings Act.
(b) Except as otherwise provided in this subtitle or the ordinance establishing an authority, the procedures of the incorporating local government control any matter relating to the internal administration of an authority.
Structure Maryland Statutes
Division I - Definitions; General Provisions
Title 1 - Definitions; General Provisions
Subtitle 14 - Establishment of Land Bank Authorities
Section 1-1402 - Construction of Subtitle
Section 1-1403 - Land Bank Authority
Section 1-1404 - Board of Directors
Section 1-1407 - Staff and Consultants
Section 1-1408 - Appointment of Receiver
Section 1-1409 - Internal Administration
Section 1-1411 - Property Rights
Section 1-1412 - Property -- Inventory and Classification; Fee
Section 1-1413 - Outstanding Tax Liens
Section 1-1414 - Money and Proceeds
Section 1-1415 - State and Local Taxes
Section 1-1417 - Public Property
Section 1-1421 - Trust Agreement
Section 1-1422 - Conclusive and Binding Determination of Authority
Section 1-1424 - Liability; Full Faith and Credit
Section 1-1425 - Rates, Rents, and Fees
Section 1-1426 - Pledge of Revenue
Section 1-1428 - Refunding Bonds
Section 1-1429 - Bond Anticipation Notes
Section 1-1430 - Conveyance of Title and Release of Collateral