Skip to main content
Find a Lawyer

Maryland Code, Economic Development § 5-331

Current as of January 01, 2025 | Updated by Findlaw Staff

(a) During each fiscal year the Department may not grant more than $2,000,000 under this part.

(b)(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.

Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - Maryland Code, Economic Development § 5-331 - last updated January 01, 2025 | https://codes.findlaw.com/md/economic-development/md-code-econ-dev-sect-5-331/

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.

Was this helpful?

Welcome to FindLaw's Cases & Codes

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.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

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.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard