Md. Code, Economic Development § 5-570
This is the official text of Md. Code, Economic Development § 5-570, part of Maryland’s Code, Economic Development — governs the state's economic development programs.
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§5–570.
Official statutory text
(a) The Authority may only approve a guaranty or a bond under this part if the Authority determines that the contract, for which a bond is sought to be guaranteed or issued, will have a substantial economic impact.
(b) To determine the economic impact of a contract, the Authority may consider:
(1) the amount of the guaranty obligation;
(2) the terms of the bond to be guaranteed;
(3) the number of new jobs that the contract to be bonded will create; and
(4) any other factor that the Authority considers relevant.
(b) To determine the economic impact of a contract, the Authority may consider:
(1) the amount of the guaranty obligation;
(2) the terms of the bond to be guaranteed;
(3) the number of new jobs that the contract to be bonded will create; and
(4) any other factor that the Authority considers relevant.
Status: in_force · Read it on the official government site
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