§ 5-331

Maryland § 5-331

• Jurisdiction: Maryland
• Article gec: Economic Development
• Title: 5

Text

(a) During each fiscal year the Department may not grant more than $2,000,000 under this part.

(b) (1) Subject to paragraph (2) of this subsection, during each fiscal year a county may not receive more than $250,000 under this part.

(2) For purposes of the limitation under paragraph (1) of this subsection:

(i) any money received under this part by a municipal corporation or designated agency or instrumentality is deemed to be money granted to the county within which the municipal corporation, agency, or instrumentality is located; and

(ii) if more than one county administers or capitalizes a local economic development fund, each county may receive the maximum authorized for a county.