§ 5–331
Statutes in effect as of October 1, 2026.
Md. Code Ann., Econ. Dev. § 5-331 (2026)
Title 5. Economic Development and Financial Assistance Programs
Subtitle 3. Maryland Economic Development Assistance Authority and Fund
§ 5–331LinkCopy Citation
(a)
During each fiscal year the Department may not grant more than $2,000,000 under this part.
(b)
(1)
Subject to paragraph (2) of this subsection, during each fiscal year a county may not receive more than $250,000 under this part.
(2)
For purposes of the limitation under paragraph (1) of this subsection:
(i)
any money received under this part by a municipal corporation or designated agency or instrumentality is deemed to be money granted to the county within which the municipal corporation, agency, or instrumentality is located; and
(ii)
if more than one county administers or capitalizes a local economic development fund, each county may receive the maximum authorized for a county.