(a) (1) Four members of the Authority are a quorum.
(2) The Authority may not act on any matter unless at least four members in attendance concur.
(b) The Authority shall determine the times and places of its meetings.
(c) A member of the Authority is entitled to reimbursement for expenses under the Standard State Travel Regulations, as provided in the State budget.
(d) The Authority may employ a staff in accordance with the State budget.
Structure Maryland Statutes
Division I - Secretary of Commerce and Department of Commerce
Title 5 - Economic Development and Financial Assistance Programs
Subtitle 5 - Maryland Small Business Development Financing Authority
Part II - Maryland Small Business Development Financing Authority
Section 5-508 - Quorum; Meetings; Reimbursement for Expenses; Staff
Section 5-509 - Executive Director
Section 5-510 - Conflicts of Interest
Section 5-511 - Administration of Programs; Contracts; Private Corporation
Section 5-512 - Powers and Duties