# Economic Development (GEC)

## Title 5. Economic Development and Financial Assistance Programs

### Subtitle 4. Maryland Industrial Development Financing Authority

#### Section 5-425

(a) The Fund is a continuing, nonlapsing fund that is not subject to reversion under Sec. 7-302 of the State Finance and Procurement Article.

(b) The Fund consists of:

  (1) money appropriated in the State budget to the Fund;

  (2) premiums, fees, and any other money received by the Authority with respect to financial assistance provided by the Authority from the Fund;

  (3) proceeds from the sale, lease, or other disposition of property of the Authority;

  (4) interest received from linked deposits made from the Linked Deposit Program under Part VI of this subtitle; and

  (5) any other money made available under this subtitle.

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