# State Government (GSG)

## Title 9. Miscellaneous Executive Agencies

### Subtitle 20C. Maryland Offshore Wind Business Development Fund

#### Section 9-20C-01

(a) In this subtitle the following words have the meanings indicated.

(b) "Administration" means the Maryland Energy Administration.

(c) "Advisory Committee" means the Maryland Offshore Wind Business Development Advisory Committee established under Sec. 9-20C-02 of this subtitle.

(d) "Director" means the Director of the Maryland Energy Administration.

(e) "Emerging business" means a business that is at least 51% owned and controlled by an individual or individuals who are certified to have a personal net worth, as defined in Sec. 14-301 of the State Finance and Procurement Article, that does not exceed $6,500,000 as adjusted each year for inflation according to the Consumer Price Index.

(f) "Fund" means the Maryland Offshore Wind Business Development Fund established under Sec. 9-20C-03 of this subtitle.

(g) "Minority" means an individual who is a member of any of the groups listed in Sec. 14-301(k)(1)(i) of the State Finance and Procurement Article.

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Md. Code Ann., State Gov't (as displayed at mgaleg.maryland.gov, October 16, 2026)