(a) The Authority may authorize the Executive Director of the Authority to approve, on behalf of the Authority, financial assistance under § 5–431 of this subtitle not exceeding the aggregate amount of $250,000 for a single transaction.
(b) An approval by the Executive Director under this section:
(1) is subject to concurrence of the Secretary, the Secretary’s designee, or the chair of the Authority;
(2) shall comply with the requirements of this subtitle; and
(3) is binding on the Authority.
Structure Maryland Statutes
Division I - Secretary of Commerce and Department of Commerce
Title 5 - Economic Development and Financial Assistance Programs
Subtitle 4 - Maryland Industrial Development Financing Authority
Part IV - Financial Assistance
Section 5-435 - Application of Other Laws
Section 5-437 - Authorized Purpose Obligation Not Exceeding $250,000
Section 5-438 - Equity Interest
Section 5-439 - Premiums and Fees
Section 5-440 - Waiver of Insurance Premiums
Section 5-441 - Continuity of Existing Authorized Purpose Obligations