Article XII, § 3

(a) The Board of Public Works is hereby authorized, subject to such regulations and conditions as the General Assembly may from time to time prescribe, to sell the State's interest in all works of Internal Improvement, whether as a stockholder or a creditor, and also the State's interest in any banking corporation, receiving in payment the bonds and registered debt now owing by the State, equal in amount to the price obtained for the State's said interest . (b) The Board of Public Works may not approve the sale, transfer, exchange, grant, or other permanent disposition of any State-owned outdoor recreation, open space, conservation, preservation, forest, or park land without the express approval of the General Assembly or of a committee that the General Assembly designates by statute, resolution, or rule Maryland Constitutional Offices & Agencies Maryland Departments Maryland Independent Agencies Maryland Executive Commissions, Committees, Task Forces, & Advisory Boards Maryland Universities & Colleges Maryland Counties Maryland Municipalities Maryland at a Glance Maryland Manual On-Line Search the Manual e-mail: mdmanual@maryland.gov This web site is presented for reference purposes under the doctrine of fair use. When this material is used, in whole or in part, proper citation and credit must be attributed to the Maryland State Archives. PLEASE NOTE: The site may contain material from other sources which may be under copyright. Rights assessment, and full originating source citation, is the responsibility of the user. Tell Us What You Think About the Maryland State Archives Website!