Md. Code, Economic Development § 5-705
This is the official text of Md. Code, Economic Development § 5-705, part of Maryland’s Code, Economic Development — governs the state's economic development programs.
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§5–705.
Official statutory text
(a) (1) A political subdivision may apply to the Secretary to expand an existing enterprise zone in the same manner as the political subdivision would apply to designate a new enterprise zone.
(2) The Secretary may grant an expansion of an enterprise zone into an area that meets the requirements of § 5–704 of this subtitle.
(3) For purposes of § 5–704(b) of this subtitle, an expansion of an enterprise zone that does not exceed 25% of the existing geographic area of the enterprise zone does not count towards the limit on the number of enterprise zones that:
(i) the Secretary may designate in a calendar year; or
(ii) a county may receive in a calendar year.
(b) (1) The Secretary may grant one extraordinary expansion of an enterprise zone in the State each calendar year for an area that:
(i) meets the requirements of § 5–704 of this subtitle; and
(ii) in the determination of the Secretary, has suffered a significant loss of economic base or merits inclusion in an enterprise zone for a compelling economic reason.
(2) For purposes of § 5–704(b) of this subtitle, an extraordinary expansion of an enterprise zone does not count towards the limit on the number of enterprise zones that:
(i) the Secretary may designate in a calendar year; or
(ii) a county may receive in a calendar year.
(2) The Secretary may grant an expansion of an enterprise zone into an area that meets the requirements of § 5–704 of this subtitle.
(3) For purposes of § 5–704(b) of this subtitle, an expansion of an enterprise zone that does not exceed 25% of the existing geographic area of the enterprise zone does not count towards the limit on the number of enterprise zones that:
(i) the Secretary may designate in a calendar year; or
(ii) a county may receive in a calendar year.
(b) (1) The Secretary may grant one extraordinary expansion of an enterprise zone in the State each calendar year for an area that:
(i) meets the requirements of § 5–704 of this subtitle; and
(ii) in the determination of the Secretary, has suffered a significant loss of economic base or merits inclusion in an enterprise zone for a compelling economic reason.
(2) For purposes of § 5–704(b) of this subtitle, an extraordinary expansion of an enterprise zone does not count towards the limit on the number of enterprise zones that:
(i) the Secretary may designate in a calendar year; or
(ii) a county may receive in a calendar year.
Status: in_force · Read it on the official government site
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