S.B. 810                                                        VETOES

(B)     "DEPARTMENT" MEANS THE DEPARTMENT OF BUSINESS AND ECONOMIC
DEVELOPMENT..

(C)     EXCEPT AS OTHERWISE PROVIDED IN THIS ARTICLE, "COMMISSION"
MEANS THE MARYLAND ECONOMIC DEVELOPMENT COMMISSION.

(D)     "SECRETARY" MEANS THE SECRETARY OF BUSINESS AND ECONOMIC
DEVELOPMENT.

(E)     "STATE" MEANS THE STATE OF MARYLAND.

SUBTITLE 2. CREATION AND DUTIES.

1-201.

THERE IS A MARYLAND ECONOMIC DEVELOPMENT COMMISSION IN THE
DEPARTMENT OF BUSINESS AND ECONOMIC DEVELOPMENT.

1-202.                                                                                                          

(A)     THE COMMISSION SHALL HAVE THE GENERAL PURPOSE OF
ESTABLISHING ECONOMIC DEVELOPMENT POLICY IN THE STATE AND OVERSEEING
THE DEPARTMENT'S EFFORTS TO ATTRACT, RETAIN, AND SUPPORT THE CREATION
OF BUSINESSES AND JOBS.

(B)     THE COMMISSION SHALL:

(1)      DEVELOP AND UPDATE. A STRATEGIC PLAN FOR ECONOMIC
DEVELOPMENT IN THE STATE;

(2)      RECOMMEND TO THE GOVERNOR PROGRAM AND SPENDING
PRIORITIES NECESSARY TO IMPLEMENT THE STRATEGIC PLAN;

(3)      REVIEW THE DEPARTMENT'S BUDGET PRIOR TO ITS SUBMISSION TO
THE GOVERNOR AND GENERAL ASSEMBLY FOR APPROVAL;

(4)      ADVISE THE SECRETARY PERIODICALLY ON THE ALLOCATION OF
ECONOMIC DEVELOPMENT RESOURCES IN THE DEPARTMENT, PARTICULARLY WITH
REGARD TO REGIONAL ALLOCATION AND ALLOCATION AMONG INDUSTRIES;

(5)      APPROVE DEPARTMENT REGULATIONS PERTAINING TO FINANCING
PROGRAMS PRIOR TO THEIR ADOPTION;

(6)      REVIEW THE ALLOCATION OF FINANCING INCENTIVES; .

(7)      PARTICIPATE IN MARKETING THE STATE AND ENCOURAGING NEW
BUSINESSES TO LOCATE IN MARYLAND;

(8)      RAISE PRIVATE SECTOR FUNDS TO SUPPLEMENT ECONOMIC
DEVELOPMENT PROGRAMS AND FINANCIAL INCENTIVES TO BUSINESS;

(9)    CARRY OUT ANY OTHER ECONOMIC DEVELOPMENT ACTIVITIES AT
THE REQUEST OF THE GOVERNOR; AND

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