Md. Code, Economic Development § 5-331
This is the official text of Md. Code, Economic Development § 5-331, part of Maryland’s Code, Economic Development — governs the state's economic development programs.
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§5–331.
Official statutory text
(a) During each fiscal year the Department may not grant more than $2,000,000 under this part.
(b) (1) Subject to paragraph (2) of this subsection, during each fiscal year a county may not receive more than $250,000 under this part.
(2) For purposes of the limitation under paragraph (1) of this subsection:
(i) any money received under this part by a municipal corporation or designated agency or instrumentality is deemed to be money granted to the county within which the municipal corporation, agency, or instrumentality is located; and
(ii) if more than one county administers or capitalizes a local economic development fund, each county may receive the maximum authorized for a county.
(b) (1) Subject to paragraph (2) of this subsection, during each fiscal year a county may not receive more than $250,000 under this part.
(2) For purposes of the limitation under paragraph (1) of this subsection:
(i) any money received under this part by a municipal corporation or designated agency or instrumentality is deemed to be money granted to the county within which the municipal corporation, agency, or instrumentality is located; and
(ii) if more than one county administers or capitalizes a local economic development fund, each county may receive the maximum authorized for a county.
Status: in_force · Read it on the official government site
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