# Economic Development (GEC)

## Title 5. Economic Development and Financial Assistance Programs

### Subtitle 4. Maryland Industrial Development Financing Authority

#### Section 5-406

(a) There is a Maryland Industrial Development Financing Authority in the Department.

(b) The Authority is a body politic and corporate and is an instrumentality of the State.

(c) The exercise by the Authority of power under this subtitle is the performance of an essential governmental function.

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