(a) The Authority may not charge a premium for insurance if the Authority determines that, at the time the insurance is approved, the facility or business for which the Authority provides insurance is located in a Tier I county.
(b) A determination by the Authority under subsection (a) of this section for a facility or business is effective for as long as the financial assistance is in effect.
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