(1) THE STATUS OF THE MONEY INVESTED UNDER THIS SUBTITLE;

(2) THE MARKET VALUE OF THE ASSETS IN THE FUND AS OF THE DATE
OF THE REPORT; AND

(3) THE INTEREST RECEIVED FROM INVESTMENTS FOR THE FUND
DURING THE PERIOD COVERED BY THE REPORT.

(B) THE DEPARTMENT SHALL REPORT TO THE GOVERNOR AND, SUBJECT TO §
2-1246 OF THE STATE GOVERNMENT ARTICLE, TO THE GENERAL ASSEMBLY BEFORE
JANUARY 1 OF EACH YEAR ON THE NUMBER, AMOUNT, USE, AND ECONOMIC
BENEFITS OF FINANCIAL ASSISTANCE PROVIDED UNDER THIS SUBTITLE.

Article - State Finance and Procurement

5-7B-01.

(d) (1) "Growth-related project" means only the items set forth below:

(iii) funding by the Department of Business and Economic
Development under any of the following:

1. the Maryland Industrial Land Act, authorized under
Article 83A, Title 5. Subtitle 7 of the Code;

2. the Maryland Industrial and Commercial Redevelopment
Fund, authorized under Article 83A, Title 5, Subtitle 8 of the Code;

3. the Maryland Industrial Development Financing
Authority, authorized under Article 83A, Title 5, Subtitle 9 of the Code;

4. the Maryland Small Business Development Financing
Authority, authorized under Article 83A, Title 5, Subtitle 10 of the Code;

5. the Maryland Energy Financing Act, authorized under
Article 83A, Title 6, Subtitle 4 of the Code; [and]

6. the Economic Development Opportunities Program Fund,
authorized under § 7-314 of this article; AND

7. THE MARYLAND COMPETITIVE ADVANTAGE FINANCING
FUND, AUTHORIZED UNDER ARTICLE 83A, TITLE 5, SUBTITLE 13 OF THE CODE;

SECTION 2. AND BE IT FURTHER ENACTED, That the Department of
Business and Economic Development shall convene a study panel during the 1999
Interim, to be staffed by the Department, which includes members of the Senate of
Maryland, appointed by the President of the Senate, members of the House of
Delegates, appointed by the Speaker of the House, representatives of the Maryland
Economic Development Commission, and representatives of the business community.
The study panel shall review the consolidation of its current financing funds and
financing funding models. The Department shall report on the study panel's
recommendations and provide draft legislation, as necessary, by December 1, 1999 to
allow for consideration during the 2000 legislative session.