Ch. 82 2                                       LAWS OF MARYLAND

Approved May 25, 1989.

CHAPTER 822

(House Bill 1181)

AN ACT concerning

Economic Development - Linked Deposit Financing

FOR the purpose of establishing the Maryland Enterprise Incentive
Deposit Fund within the Department of Economic and
Employment Development; defining certain terms; specifying
the purpose of the Fund; authorizing the Department to make
linked deposits from the Fund to assist certain businesses
in fixed asset financing; specifying certain requirements,
conditions, and procedures for obtaining fixed asset
financing assisted by linked deposits; barring State
liability for certain violations of a loan agreement made
under the Act; requiring that a person convicted of
knowingly making a false statement in connection with linked
deposit financing be thereafter prohibited from
participating in or receiving linked deposit financing; and
generally relating to the Maryland Enterprise Incentive
Deposit Fund and linked deposit financing.

BY adding to

Article 83A - Economic and Employment Development

Section 5-601 through 5-609 to be under the new subtitle

"Subtitle 6. Maryland Enterprise Incentive Deposit

Fund"
Annotated Code of Maryland
(1988 Replacement Volume)

Article - Financial Institutions

Section 13-901 through 13-910 to be under the new subtitle

"Subtitle 9. Maryland Enterprise Incentive Deposit

Fund"
Annotated Code of Maryland
(1986 Replacement Volume and 1988 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article 83A - Economic and Employment Development

Article - Financial Institutions

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