2013 Maryland Code
ECONOMIC DEVELOPMENT
§ 5-314 - Use of Fund


MD Econ Dev Code § 5-314 (2013) What's This?

§5-314.

(a) The Department may use money in the Fund to:

(1) provide financial assistance to eligible applicants; and

(2) pay expenses for administrative, actuarial, legal, and technical services for the Fund.

(b) The Department periodically shall review its portfolio in an effort to ensure:

(1) the equitable distribution among the counties of money from the Fund;

(2) adequate funding for qualified distressed county projects; and

(3) that no particular qualified distressed county benefits disproportionately from financial assistance to qualified distressed counties under this subtitle.

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