(a) To qualify as the County’s Workforce Development Organization, a nonprofit Corporation’s articles of incorporation must provide that the Corporation is:
(1) a Maryland nonprofit, non-stock corporation, the purposes and activities of which are limited to those that are permitted to be promoted or performed by a corporation that is recognized as exempt from federal income tax under 26 U.S.C. § 501, as amended;
(2) not an instrumentality of the County;
(3) incorporated for the purpose of serving as the County’s Workforce Development Organization and implementing the County’s workforce development policies, as established by the Workforce Development Board;
(4) organized and operated under the laws of the State of Maryland; and
(5) headquartered in the County.
(b) The bylaws of a nonprofit corporation designated as the County’s Workforce Development Organization may contain any provision necessary to govern and manage the Corporation that does not conflict with this Article. The Corporation may exercise all powers and is subject to all requirements which apply to non-stock corporations under the Corporations and Associations Article of the Maryland Code.
(c) A public educational institution designated as the County’s Workforce Development Organization must be created under the laws of Maryland and headquartered in the County.
(, § 2; ,
§1; , §1.)
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