Learn About The Law
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Current as of January 01, 2025 | Updated by Findlaw Staff
The purposes of the Corporation are to:
(1) do all things necessary to qualify as a qualified community development entity;
(2) apply to the U.S. Department of the Treasury to be designated as a qualified community development entity;
(3) apply to the U.S. Department of the Treasury for an allocation of new markets tax credits;
(4) receive, make, and facilitate qualified equity investments and financial assistance available in low-income communities in the State;
(5) allocate any new markets tax credits received by the Corporation;
(6) coordinate with other qualified community development entities in the State to help ensure that low-income communities are receiving the maximum benefit of qualified equity investments in the State;
(7) make investments and financial assistance available to low-income communities in the State from the Corporation's money or from any other source;
(8) build a long-term financial capacity and sustained investment in low-income communities in the State;
(9) coordinate and create pathways to follow-on financing in the State; and
(10) foster inclusive and diverse entrepreneurship and innovation throughout the State, which may include initiatives to raise awareness of programs to assist low-income communities.
Cite this article: FindLaw.com - Maryland Code, Economic Development § 10-1104 - last updated January 01, 2025 | https://codes.findlaw.com/md/economic-development/md-code-econ-dev-sect-10-1104/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.
Make It a Preferred Google Search Source
Add to GoogleGet help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Search our directory by legal issue
Enter information in one or both fields (Required)