§ 5–314

Statutes in effect as of October 1, 2026.

Md. Code Ann., Econ. Dev. § 5-314 (2026)

Title 5. Economic Development and Financial Assistance Programs

Subtitle 3. Maryland Economic Development Assistance Authority and Fund

(a)

The Department may use money in the Fund to:

(1)

provide financial assistance to eligible applicants; and

(2)

pay expenses for administrative, actuarial, legal, and technical services for the Fund.

(b)

The Department periodically shall review its portfolio in an effort to ensure:

(1)

the equitable distribution among the counties of money from the Fund;

(2)

adequate funding for Tier I county projects; and

(3)

that no particular Tier I county benefits disproportionately from financial assistance to Tier I counties under this subtitle.