# Economic Development (GEC)

## Title 10. Statewide Development Resources and Revenue Authorities

### Subtitle 8. Maryland Clean Energy Center

#### Section 10-868

(a) There is a Green and Renewable Energy Efficiency for Nonprofits Loan Fund.

(b) The Center shall administer the Fund.

(c)

  (1) The Fund is a special, nonlapsing fund that is not subject to Sec. 7-302 of the State Finance and Procurement Article.

  (2) The Center shall hold the Fund separately and account for the Fund.

(d) The Fund consists of:

  (1) money appropriated in the State budget to the Fund;

  (2) money transferred from the Strategic Energy Investment Fund established under Sec. 9-20B-05 of the State Government Article;

  (3) money received from any public or private source;

  (4) interest and investment earnings of the Fund; and

  (5) repayments and prepayments on loans made from the Fund.

(e)

  (1) In fiscal year 2028, the Governor may include in the annual budget bill an appropriation of $5,000,000 for the Fund.

  (2) In fiscal year 2029, the Governor may include in the annual budget bill an appropriation equal to at least $5,000,000 minus the amount in the Fund as of June 30 of the immediately preceding fiscal year.

(f) The Fund may be used only:

  (1) to pay the expenses of the Program; and

  (2) to provide loans to eligible borrowers under the Program.

(g)

  (1) The Center shall invest and reinvest the money of the Fund in the same manner as other State money held by the Center may be invested.

  (2) Any investment earnings of the Fund shall be paid into the Fund.

  (3) Any repayment on loans made from the Fund shall be paid into the Fund.

---

Md. Code Ann., Econ. Dev. (as displayed at mgaleg.maryland.gov, October 16, 2026)