Maryland Statutes
Title 5 - Economic Development and Financial Assistance Programs
Subtitle 4 - Maryland Industrial Development Financing Authority

Section 5-404 - Marketing Plan for Maryland Industrial Development Financing Authority - (a) The Authority shall: (1) work to increase the utilization...

Part II - Maryland Industrial Development Financing Authority

Section 5-406 - Established - (a) There is a Maryland Industrial Development Financing Authority in...

Section 5-407 - Membership - (a) (1) The Authority consists of the following nine members:...

Section 5-408 - Joint Membership With Maryland Economic Development Assistance Authority; Actions - (a) The members of the Authority are also the members...

Section 5-409 - Officers - (a) (1) From among its members, the Authority shall elect...

Section 5-410 - Quorum; Meetings; Compensation - (a) (1) Five members of the Authority are a quorum....

Section 5-411 - Executive Director - (a) (1) With the approval of the Secretary, the Authority...

Section 5-412 - Staff - (a) The Authority may employ a staff in accordance with...

Section 5-413 - Powers and Duties - (a) The Authority may: (1) adopt bylaws for the conduct...

Section 5-414 - Regulations - The Authority may adopt regulations to carry out this subtitle.

Section 5-415 - Agreements - (a) The Authority may approve, or may authorize the Executive...

Section 5-416 - Effect of Finding - A finding by the Authority, including a finding as to...

Section 5-417 - Public Ethics; Rules of Construction - Even though a determination of the Authority about financial assistance...

Section 5-418 - Immunity From Personal Liability - A member of the Authority, a person executing a bond...

Section 5-419 - Reports - (a) In accordance with § 2.5–109 of this article, the...

Section 5-420 - Dissolution - If the Authority dissolves, title to its property vests in...

Part III - Industrial Development Fund

Section 5-423 - Established - There is an Industrial Development Fund.

Section 5-424 - Purpose - The Fund shall be used: (1) for the purposes described...

Section 5-425 - Composition - (a) The Fund is a continuing, nonlapsing fund that is...

Section 5-426 - Investments - (a) The Treasurer shall: (1) invest the money in the...

Section 5-427 - Additional Money - (a) The Authority shall send a written request to the...

Section 5-428 - Surplus Money - With the consent of the Secretary, the Authority may pay...

Section 5-429 - Report of Treasurer - Each year the Treasurer shall report to the Authority on...

Section 5-430 - Bond-Related Insurance - (a) If the requirements of this section are satisfied, and...

Section 5-431 - Authorized Purpose Obligation Insurance - (a) If the requirements of this section are satisfied, and...

Section 5-432 - Leverage Limitations - The portion of the aggregate principal amount of bonds and...

Part IV - Financial Assistance

Section 5-435 - Application of Other Laws - Financial assistance under this subtitle is: (1) subject to the...

Section 5-436 - Bonds - (a) The Authority may issue and sell bonds in accordance...

Section 5-437 - Authorized Purpose Obligation Not Exceeding $250,000 - (a) The Authority may authorize the Executive Director of the...

Section 5-438 - Equity Interest - In conjunction with financial assistance under this subtitle, the Authority...

Section 5-439 - Premiums and Fees - (a) The Authority may set premiums and fees for financial...

Section 5-440 - Waiver of Insurance Premiums - (a) The Authority may not charge a premium for insurance...

Section 5-441 - Continuity of Existing Authorized Purpose Obligations - (a) Insurance on bonds or authorized purpose obligations provided before...

Part V - Projects

Section 5-444 - Status of Authority - (a) (1) The Authority shall participate in financial assistance programs...

Section 5-445 - Energy Project -- in General - (a) (1) In this section the following words have the...

Section 5-446 - Energy Project -- Considerations; Promotion - (a) In awarding financial assistance under this subtitle for an...

Section 5-447 - Energy Conservation Project - A project involving a commercial building, an industrial building, or...

Section 5-448 - Solar Energy Project - (a) A project qualifies as a solar energy project if...

Part VI - Linked Deposit Program

Section 5-451 - Definitions - (a) In this part the following words have the meanings...

Section 5-452 - Established - There is a Linked Deposit Program in the Department.

Section 5-453 - Purpose - (a) The purpose of the Program is to stimulate economic...

Section 5-454 - Placement - The Authority may place a linked deposit with a lender...

Section 5-455 - Application - (a) To obtain fixed asset financing under this part, an...

Section 5-456 - Conditional Approval - (a) On conditional approval of a fixed asset financing loan...

Section 5-457 - Review - In determining whether to accept a linked deposit loan package,...

Section 5-458 - Payment Schedule - If the Authority accepts a linked deposit loan package forwarded...

Section 5-459 - Loan Commitment - On receiving linked deposit approval from the Authority, the lender...

Section 5-460 - State Not Liable - (a) A fixed asset financing loan assisted by a linked...

Part VII - Prohibited Acts; Penalties

Section 5-463 - False Statement or Report - (a) A person may not knowingly make or cause a...

Part VIII - Short Title

Section 5-466 - Short Title - This subtitle may be referred to as the Maryland Industrial...

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Maryland Statutes Title 5 - Economic Development and Financial Assistance Programs Subtitle 4 - Maryland Industrial Development Financing Authority

Maryland Statutes
Title 5 - Economic Development and Financial Assistance Programs
Subtitle 4 - Maryland Industrial Development Financing Authority