§ 5–313
Statutes in effect as of October 1, 2026.
Md. Code Ann., Econ. Dev. § 5-313 (2026)
Title 5. Economic Development and Financial Assistance Programs
Subtitle 3. Maryland Economic Development Assistance Authority and Fund
§ 5–313LinkCopy Citation
The Fund consists of:
(1)
money appropriated in the State budget to the Fund;
(2)
money made available to the Fund through federal programs or private contributions;
(3)
repayments of principal and interest from loans made from the Fund;
(4)
proceeds from the sale, disposition, lease, or rental of collateral related to financial assistance provided by the Department under this subtitle;
(5)
application or other fees paid to the Fund to process requests for financial assistance;
(6)
recovery of an investment made by the Department in a business, including an arrangement under which part of the investment is recovered through:
(i)
a requirement that the Department receive a proportion of cash flow, commissions, royalties, or license fees;
(ii)
the repurchase from the Department of any of its investment interest; or
(iii)
the sale of an appreciated asset;
(7)
repayments received from recipients of conditional grants from the Department;
(8)
money collected under § 9–229 of the Tax – Property Article;
(9)
repayments on or recoveries from financial assistance provided from the former:
(i)
Brownfields Revitalization Incentive Fund;
(ii)
Child Care Facilities Direct Loan Fund;
(iii)
Child Care Special Loan Fund;
(iv)
Maryland Industrial and Commercial Redevelopment Fund;
(v)
Maryland Industrial Land Fund;
(vi)
Maryland Seafood and Aquaculture Loan Fund; and
(vii)
Smart Growth Economic Development Infrastructure Fund; and
(10)
any other money made available to the Fund.