Maryland Code, Economic Development § 5-425

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

(a) The Fund is a continuing, nonlapsing fund that is not subject to reversion under § 7-302 of the State Finance and Procurement Article.

(b) The Fund consists of:

(1) money appropriated in the State budget to the Fund;

(2) premiums, fees, and any other money received by the Authority with respect to financial assistance provided by the Authority from the Fund;

(3) proceeds from the sale, lease, or other disposition of property of the Authority;

(4) interest received from linked deposits made from the Linked Deposit Program under Part VI of this subtitle; and

(5) any other money made available under this subtitle.

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Cite this article: FindLaw.com - Maryland Code, Economic Development § 5-425 - last updated January 01, 2025 | https://codes.findlaw.com/md/economic-development/md-code-econ-dev-sect-5-425/

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