§ 5–332
Statutes in effect as of October 1, 2026.
Md. Code Ann., Econ. Dev. § 5-332 (2026)
Title 5. Economic Development and Financial Assistance Programs
Subtitle 3. Maryland Economic Development Assistance Authority and Fund
§ 5–332LinkCopy Citation
(a)
A local government shall use a grant under this part:
(1)
to provide loans or loan guarantees, or to subsidize the interest rate on loans, for financing economic development projects; or
(2)
to provide loans to small businesses.
(b)
The Department may require that money from a grant under this part be returned to the Department if the local economic development fund is inactive for more than 2 years after the grant is made.