§ 5-570
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/md/economic-development/5-570A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§5–570.
(a)The Authority may only approve a guaranty or a bond under this part if the Authority determines that the contract, for which a bond is sought to be guaranteed or issued, will have a substantial economic impact.
(b)To determine the economic impact of a contract, the Authority may consider:
(1)the amount of the guaranty obligation;
(2)the terms of the bond to be guaranteed;
(3)the number of new jobs that the contract to be bonded will create; and
(4)any other factor that the Authority considers relevant.