MD SB4

Restructures the West North Avenue Development Authority as a body politic and corporate instrumentality of the State, managed by a Board of Directors, with the President of Coppin State University serving as chair

Grants the Authority broad powers including acquiring property through purchase, eminent domain (except owner-occupied residences), tax sale, and foreclosure; making loans and grants; entering contracts; and creating a 20-year comprehensive development plan for the corridor

Establishes the West North Avenue Development Authority Fund as a special, nonlapsing fund for consulting fees, salaries, and administrative expenses, with interest earnings retained by the fund rather than reverting to the General Fund

Exempts the Authority from most State procurement, budget, and management laws, as well as taxation on its developments and projects, though property sold or leased to private entities remains subject to local property taxes

Extends the Authority's termination date from September 30, 2026 to September 30, 2029, removes the sunset provision language, and requires the Authority to become self-sustaining by fiscal year 2028 with a progress report due to the General Assembly by January 1, 2027