§ 10–1119
Statutes in effect as of October 1, 2026.
Md. Code Ann., Econ. Dev. § 10-1119 (2026)
Title 10. Statewide Development Resources and Revenue Authorities
Subtitle 11. Maryland Community Investment Corporation
§ 10–1119LinkCopy Citation
The Corporation may:
(1)
provide equity investment to a qualified business or project in the form of a grant, loan, tax credit allocation, or any other form of financial assistance to carry out its purposes;
(2)
acquire, develop, improve, manage, market, license, sublicense, maintain, lease as lessor or lessee, or operate a project in the State to carry out its purposes; and
(3)
acquire, directly or indirectly, from a person or political subdivision, by purchase, gift, or devise, any property, rights–of–way, franchises, easements, or other interests in land, including submerged land and riparian rights:
(i)
as necessary or convenient to improve or operate a project to carry out its purposes; and
(ii)
on the terms and at the prices that the Corporation considers reasonable.