# Economic Development (GEC)

## Title 5. Economic Development and Financial Assistance Programs

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

#### Section 5-314

(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.

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