# COMAR Title 24 — Department of Commerce

## Subtitle 05 — Economic Development

### Chapter 05 — Maryland Industrial Development Financing Authority Bond Program

#### Regulation .09 Participation by Minority Business Enterprise.

*COMAR 24.05.05.09*

When bonds are issued by the Authority, it is in the interest of the public welfare and purpose that the Authority attempt to achieve a goal that 10 percent of the facility users are minority business enterprises within the meaning indicated in the State Finance and Procurement Article, §18-601, Annotated Code of Maryland. The failure to achieve the goal, however, may not affect in any way the:

A. Validity or enforceability of any bonds issued by the Authority;

B. Validity of any finding or determination by the Authority under the MIDFA Act; or

C. Validity or enforceability of any agreement entered into by the Authority under the MIDFA Act.