§ 5-437
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/md/economic-development/5-437A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§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.