Maryland Statutes
Title 5 - Economic Development and Financial Assistance Programs
Subtitle 3 - Maryland Economic Development Assistance Authority and Fund

Part I - General Provisions

Section 5-301 - Definitions - (a) In this subtitle the following words have the meanings...

Section 5-302 - Scope of Subtitle - Assistance for a Tier I county project is available to...

Part II - Maryland Economic Development Assistance Authority

Section 5-305 - Established - There is a Maryland Economic Development Assistance Authority in the...

Section 5-306 - Membership - (a) The Authority consists of the individuals serving as members...

Section 5-307 - Actions - (a) The members of the Authority may act concurrently in...

Part III - Maryland Economic Development Assistance Fund

Section 5-310 - Established - There is a Maryland Economic Development Assistance Fund in the...

Section 5-311 - Purposes - The purposes of the Fund are to: (1) expand employment...

Section 5-312 - Administration - (a) The Secretary shall administer the Fund. (b) (1) The...

Section 5-313 - Composition - The Fund consists of: (1) money appropriated in the State...

Section 5-314 - Use of Fund - (a) The Department may use money in the Fund to:...

Section 5-315 - Reporting Requirements - In accordance with § 2.5–109 of this article, the Department...

Section 5-316 - Continued Authorization for Incorporated Funds - Financial assistance is deemed authorized under this subtitle if it...

Part IV - Financial Assistance From Fund

Section 5-319 - Evaluation and Approval of Requests for Financial Assistance - (a) (1) Financial assistance from the Fund not exceeding $2,500,000...

Section 5-320 - Eligibility of Applicants; Applications for Financial Assistance - (a) To be eligible for financial assistance from the Fund,...

Section 5-321 - Eligible Industry Sectors - (a) (1) After consulting with the Department and the Maryland...

Section 5-322 - Authorized Uses - (a) Financial assistance from the Fund may be used only...

Section 5-323 - Limitation on Financial Assistance - Financial assistance from the Fund may not exceed the lesser...

Section 5-324 - Qualifications - (a) Each subsection of this section is subject to §...

Section 5-325 - Terms and Conditions of Financial Assistance - (a) Subject to the restrictions of this subtitle, the Department...

Section 5-326 - Minority Business Enterprise Requirement - (a) In this section, “minority business enterprise” has the meaning...

Part V - Grants to Local Economic Development Funds

Section 5-329 - Authorized - (a) A local government may apply to the Department for...

Section 5-330 - Matching Funds Required - (a) Except as provided in subsection (b) of this section,...

Section 5-331 - Limitations - (a) During each fiscal year the Department may not grant...

Section 5-332 - Use of Grants; Reversion to Department - (a) A local government shall use a grant under this...

Part VI - Brownfields Revitalization Incentive Program

Section 5-335 - Established - (a) There is a Brownfields Revitalization Incentive Program in the...

Section 5-336 - Election by County or Municipal Corporation to Participate - A county or municipal corporation may elect to participate in...

Section 5-337 - Financial Assistance for Environmental Site Assessments - (a) Notwithstanding any other provision of law, the Department may...

Section 5-338 - Financial Assistance for Redevelopment of Brownfields Site - (a) The Department shall determine whether a brownfields site is...

Section 5-339 - Effect of Part - This part does not affect: (1) the planning and zoning...

Part VII - Child Care Special Loans

Section 5-342 - Authorized; Purpose; Separate Accounting - (a) In addition to providing money from the Fund to...

Section 5-343 - Considerations in Making Loans - In making child care special loans, the Department shall consider:...

Section 5-344 - Application Required - (a) An applicant for a child care special loan shall...

Section 5-345 - Standards for Making Loans - The Department may make a child care special loan to...

Section 5-346 - Terms and Conditions - (a) Except as provided in this part, the Department may...

Section 5-347 - Loan Documents - (a) If the Department makes a child care special loan...

Section 5-348 - Use of Proceeds - (a) The proceeds of a child care special loan may...

Section 5-349 - Foreclosures on Mortgages or Deeds of Trust - (a) A mortgage or deed of trust held as security...