Maryland § 5-511
Full text of Maryland Maryland Code § 5-511, with citation guidance and answers to common questions.
§ 5-511.
(a) In this section, “Authority staff” means any of the individuals who are employed by the Department to operate the programs of the Authority immediately prior to the execution by the Department of a contract under this section with the private corporation organized by any of those individuals.
(b) (1) The Department may contract for and engage the services of some or all of the Authority staff to administer the programs of the Authority, for a period of 3 years, if the Authority staff has organized itself as a private Maryland corporation.
(2) The Department may:
(i) extend the termination date of the contract in effect as of September 30, 2008, to June 30, 2012, and modify that extended contract as needed; and
(ii) renew the extended contract for up to two additional 5–year terms, and modify that renewed and extended contract as needed.
(3) An extension or renewal contract shall include standards to evaluate the performance of the private contractor in rendering services under the contract.
(c) In its name the corporation may use “Maryland Small Business Development Financing Agency”, “MSBDFA, Inc.”, or any close approximation of those terms.
Frequently Asked Questions About Maryland § 5-511
What does Maryland Code § 5-511 cover?
Section 5-511 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 5-511?
A common citation format is "Maryland Code § 5-511" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 5-511 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.