# Economic Development (GEC)

## Title 5. Economic Development and Financial Assistance Programs

### Subtitle 4. Maryland Industrial Development Financing Authority

#### Section 5-437

(a) The Authority may authorize the Executive Director of the Authority to approve, on behalf of the Authority, financial assistance under Sec. 5-431 of this subtitle not exceeding the aggregate amount of $250,000 for a single transaction.

(b) An approval by the Executive Director under this section:

  (1) is subject to concurrence of the Secretary, the Secretary's designee, or the chair of the Authority;

  (2) shall comply with the requirements of this subtitle; and

  (3) is binding on the Authority.

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