§ 10–4C-04
Statutes in effect as of October 1, 2026.
Md. Code Ann., Econ. Dev. § 10-4C-04 (2026)
Title 10. Statewide Development Resources and Revenue Authorities
Subtitle 4C. Maryland Makerspace Initiative Program
§ 10–4C-04LinkCopy Citation
(a)
The Corporation shall adopt standards to award financial assistance under this subtitle.
(b)
The Corporation may award financial assistance to:
(1)
a local government;
(2)
an agency, an instrumentality, or a nonprofit corporation that the local government designates; or
(3)
a nonprofit entity operating or seeking to operate a makerspace in the State.
(c)
To the extent practicable, the Corporation shall award financial assistance in a manner that reflects geographic diversity.
(d)
A recipient of financial assistance under this section:
(1)
shall provide matching funds or in–kind contributions for the project at least equal to the amount of financial assistance awarded; and
(2)
may not utilize the financial assistance awarded for the operating costs of the makerspace after the first 3 years of operation.
(e)
Unless two–thirds of the membership of the Board approves, the Corporation may not award financial assistance within a single county under this section that exceeds a total of $250,000 in a single fiscal year.