Current as of December 31, 2021 | Updated by FindLaw Staff
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(a) Before a grant is awarded to a local government under this subtitle, the local government shall provide and spend a matching fund.
(b) A matching fund of a local government may not consist of:
(1) money provided, directly or indirectly, from appropriated or unappropriated State money;
(2) real property;
(3) in kind contributions; or
(4) money spent before June 1, 2005.
Cite this article: FindLaw.com - Maryland Code, Economic Development § 4-606 - last updated December 31, 2021 | https://codes.findlaw.com/md/economic-development/md-code-econ-dev-sect-4-606/
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