# Economic Development (GEC)

## Title 10. Statewide Development Resources and Revenue Authorities

### Subtitle 8. Maryland Clean Energy Center

#### Section 10-879

(a) The Center may use the Fund to enhance the credit of a financing offered by a bank or other financial institution for a project.

(b) A credit enhancement issued in accordance with subsection (a) of this section shall:

  (1) carry out the purpose of the Program in a manner the Center considers appropriate;

  (2) facilitate financing of at least one project of a local jurisdiction, nonprofit organization, or eligible business; and

  (3) be offered only to a bank or other financial institution in good standing with the State Department of Assessments and Taxation that is:

    (i) incorporated in the State; or

    (ii) registered to do business in the State.

(c) The Center may assess a reasonable fee to a participating bank or financial institution for the administration of this section.

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