# Economic Development (GEC)

## Title 5. Economic Development and Financial Assistance Programs

### Subtitle 3. Maryland Economic Development Assistance Authority and Fund

#### Section 5-312

(a) The Secretary shall administer the Fund.

(b)

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

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

(c) Any investment earnings of the Fund shall be credited to the Fund.

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