Md. Code, Economic Development § 5-314
This is the official text of Md. Code, Economic Development § 5-314, part of Maryland’s Code, Economic Development — governs the state's economic development programs.
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§5–314.
Official statutory text
(a) The Department may use money in the Fund to:
(1) provide financial assistance to eligible applicants; and
(2) pay expenses for administrative, actuarial, legal, and technical services for the Fund.
(b) The Department periodically shall review its portfolio in an effort to ensure:
(1) the equitable distribution among the counties of money from the Fund;
(2) adequate funding for Tier I county projects; and
(3) that no particular Tier I county benefits disproportionately from financial assistance to Tier I counties under this subtitle.
(1) provide financial assistance to eligible applicants; and
(2) pay expenses for administrative, actuarial, legal, and technical services for the Fund.
(b) The Department periodically shall review its portfolio in an effort to ensure:
(1) the equitable distribution among the counties of money from the Fund;
(2) adequate funding for Tier I county projects; and
(3) that no particular Tier I county benefits disproportionately from financial assistance to Tier I counties under this subtitle.
Status: in_force · Read it on the official government site
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