§ 5–446

Statutes in effect as of October 1, 2026.

Md. Code Ann., Econ. Dev. § 5-446 (2026)

Title 5. Economic Development and Financial Assistance Programs

Subtitle 4. Maryland Industrial Development Financing Authority

(a)

In awarding financial assistance under this subtitle for an energy project, the Authority shall consider whether the energy project would:

(1)

reduce the consumption of petroleum and other energy sources;

(2)

increase the energy supply available in the State;

(3)

increase employment and economic activity in the State;

(4)

use sound technology and be economically feasible;

(5)

minimize harm to the environment; and

(6)

make the most use of federal financial assistance programs for energy projects.

(b)

The Authority shall:

(1)

promote programs of financial assistance for energy projects established under this subtitle;

(2)

inform consumers, the private sector, and financial institutions about these programs and actively seek their participation;

(3)

develop and disseminate descriptions of its programs of financial assistance for energy projects; and

(4)

serve as a clearinghouse for information on federal and State programs of financial assistance for energy projects.