2013 Maryland Code
ECONOMIC DEVELOPMENT
§ 5-437 - Authorized purpose obligation not exceeding $250,000


MD Econ Dev Code § 5-437 (2013) What's This?

§5-437.

(a) The Authority may authorize the Executive Director of the Authority to approve, on behalf of the Authority, financial assistance under § 5-431 of this subtitle not exceeding the aggregate amount of $250,000 for a single transaction.

(b) An approval by the Executive Director under this section:

(1) is subject to concurrence of the Secretary, the Secretary’s designee, or the chair of the Authority;

(2) shall comply with the requirements of this subtitle; and

(3) is binding on the Authority.

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