(a) (1) Subject to the approval of the Governor, the Board shall appoint an Executive Director.
(2) The Executive Director serves at the pleasure of the Board.
(3) The Board shall determine the salary of the Executive Director.
(b) (1) The Executive Director is the chief administrative officer of the Corporation.
(2) The Executive Director shall manage the administrative affairs and technical activities of the Corporation in accordance with policies and procedures that the Board establishes.
(c) The Executive Director, or the Executive Director’s designee, shall:
(1) attend all meetings of the Board;
(2) act as secretary of the Board;
(3) keep minutes of all proceedings of the Board;
(4) approve all salaries, per diem payments, and allowable expenses of the Corporation, its employees, and its consultants;
(5) approve any expenses incidental to the operation of the Corporation; and
(6) perform the other duties that the Board directs in carrying out this subtitle.
Structure Maryland Statutes
Division II - Independent and Regional Development Units and Resources
Title 10 - Statewide Development Resources and Revenue Authorities
Subtitle 1 - Maryland Economic Development Corporation
Section 10-102 - Construction of Subtitle
Section 10-103 - Scope of Subtitle
Section 10-104 - Legislative Findings; Purposes; Intent
Section 10-106 - Board of Directors
Section 10-108 - Quorum; Meetings
Section 10-109 - Executive Director
Section 10-110 - Staff; Consultants
Section 10-111 - Applicability of Laws
Section 10-112 - Findings of Board
Section 10-113 - Accounting; Fiscal Year
Section 10-114 - Money of Corporation
Section 10-115 - Powers -- in General
Section 10-116 - Powers -- Projects
Section 10-117 - Powers -- Debt
Section 10-118 - Bonds -- in General
Section 10-119 - Bonds -- Legal Investments
Section 10-120 - Bonds -- Liability; Full Faith and Credit
Section 10-121 - Bonds -- Trust Agreement
Section 10-122 - Bonds -- Investment of Proceeds
Section 10-123 - Bonds -- Refunding Bonds
Section 10-124 - Bonds -- Enforcement of Rights and Duties
Section 10-125 - Project Financing
Section 10-126 - Rates and Charges
Section 10-128 - Transfer of Real Property
Section 10-130 - Dorchester County Economic Development Fund