Md. Code, Economic Development § 5-332
This is the official text of Md. Code, Economic Development § 5-332, part of Maryland’s Code, Economic Development — governs the state's economic development programs.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
§5–332.
Official statutory text
(a) A local government shall use a grant under this part:
(1) to provide loans or loan guarantees, or to subsidize the interest rate on loans, for financing economic development projects; or
(2) to provide loans to small businesses.
(b) The Department may require that money from a grant under this part be returned to the Department if the local economic development fund is inactive for more than 2 years after the grant is made.
(1) to provide loans or loan guarantees, or to subsidize the interest rate on loans, for financing economic development projects; or
(2) to provide loans to small businesses.
(b) The Department may require that money from a grant under this part be returned to the Department if the local economic development fund is inactive for more than 2 years after the grant is made.
Status: in_force · Read it on the official government site
Need a lawyer in Maryland?
Find a Maryland lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.