# Economic Development (GEC)

## Title 5. Economic Development and Financial Assistance Programs

### Subtitle 4. Maryland Industrial Development Financing Authority

#### Section 5-446

(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.

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