# Economic Development (GEC)

## Title 5. Economic Development and Financial Assistance Programs

### Subtitle 4. Maryland Industrial Development Financing Authority

#### Section 5-424

The Fund shall be used:

(1) for the purposes described in Part VI and Sec.Sec. 5-430, 5-431, and 5-438 of this subtitle; and

(2) to pay expenses of the Authority, including expenses:

  (i) for administrative, legal, actuarial, and other services;

  (ii) related to:

    (1) issuance or insurance of bonds and authorized purpose obligations; and

    (2) funding of reserves; and

  (iii) of providing other financial assistance under this subtitle.

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