Maryland Statutes
Part III - Powers
Section 10-619 - Authority to Acquire Ownership Interest in Professional Teams

(a)    Subject to the prior approval of the Board of Public Works, the Authority may:
        (1)    hold an ownership interest in or operate a professional football or major league professional baseball team or team franchise for up to 2 years during a transition to private ownership; and
        (2)    continue to hold, but not operate, an ownership interest in a professional football or major league professional baseball team during a transition of the team without a time limitation.
    (b)    If necessary, the Board of Public Works may renew its approval under subsection (a) of this section each year.

Structure Maryland Statutes