§ 5-331
113 words·~1 min read·
/md/economic-development/5-331A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§5–331.
(a)During each fiscal year the Department may not grant more than $2,000,000 under this part.
(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.