Maryland Code, Economic Development § 5-570

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

(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.

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Cite this article: FindLaw.com - Maryland Code, Economic Development § 5-570 - last updated January 01, 2025 | https://codes.findlaw.com/md/economic-development/md-code-econ-dev-sect-5-570/

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