Md. Code, Economic Development § 10–706

(a) The Trust is:

(1) exempt from the General Procurement Law provisions of Division II of the State Finance and Procurement Article; but

(2) subject to Title 12, Subtitle 4 of the State Finance and Procurement Article.

(b) The Trust is exempt from the provisions of Division I of the State Personnel and Pensions Article that govern the State Personnel Management System.