§ 5–337
Statutes in effect as of October 1, 2026.
Md. Code Ann., Econ. Dev. § 5-337 (2026)
Title 5. Economic Development and Financial Assistance Programs
Subtitle 3. Maryland Economic Development Assistance Authority and Fund
§ 5–337LinkCopy Citation
(a)
Notwithstanding any other provision of law, the Department may provide to a person, including a responsible person, a low-interest loan or grant to conduct the environmental site assessment of a potential brownfields site that is required to participate in the Voluntary Cleanup Program under Title 7, Subtitle 5 of the Environment Article, if the person:
(1)
has not already applied to participate in the Program;
(2)
is otherwise eligible to participate in the Program; and
(3)
meets the eligibility requirements that the Department sets.
(b)
The information contained in an environmental site assessment is:
(1)
the property of the State, if the assessment is financed wholly or partly by:
(i)
a grant from the Department; or
(ii)
a loan that is in payment default; or
(2)
the property of the person who contracted for the assessment, if the assessment is financed by:
(i)
a loan from the Department; or
(ii)
a grant that is repaid.
(c)
Eligibility for a loan or grant for an environmental site assessment under this section does not constitute eligibility for:
(1)
any other financial assistance under this subtitle; or
(2)
the tax credits provided under § 9-229 of the Tax - Property Article.
(d)
The recipient of a grant under this section shall repay the grant if, within 12 months after receiving the grant, the recipient does not receive approval from the Department of the Environment to:
(1)
participate in the Voluntary Cleanup Program; or
(2)
implement a corrective action plan under Title 4 of the Environment Article.
(e)
A low-interest loan provided under this section shall convert to a market rate loan if, within 12 months after receiving the loan, the recipient does not receive approval from the Department of the Environment to:
(1)
participate in the Voluntary Cleanup Program; or
(2)
implement a corrective action plan under Title 4 of the Environment Article.
(f)
The Department may establish procedures and eligibility requirements for the approval of requests for loans and grants under this section.