§ 15B-104. Redevelopment Authority created.

(a)

The County is authorized, by local law, to create a body corporate and politic and an instrumentality of the County to be known as the "Redevelopment Authority of Prince George's County."

(b)

The Redevelopment Authority shall be created when the County:

(1)

Passes local laws providing and constituting the terms of the charter for the Redevelopment Authority; and

(2)

Files the charter with:

(A)

The Department of Assessments and Taxation;

(B)

The Department of Legislative Reference; and

(C)

The Secretary of State.

(c)

The County may:

(1)

Amend the Redevelopment Authority's charter through local law if the amendments are filed with the Department of Assessments and Taxation, the Department of Legislative Reference, and the Secretary of State;

(2)

Change the structure, organization, program, powers, or activity of the Redevelopment Authority unless the change would impair the Redevelopment Authority's obligations under a contract or agreement the Redevelopment Authority entered into before the change; and

(3)

Terminate the Redevelopment Authority unless the termination would impair the Redevelopment Authority's obligations under a contract or agreement the Redevelopment Authority entered into before the termination.

(Laws 1996, ch. 266)