CHAPTER 299
(Senate Bill 136)

AN ACT concerning

Maryland Competitive Advantage Financing Fund

FOR the purpose of creating the Maryland Competitive Advantage Financing Fund as
a nonlapsing fund within the Department of Business and Economic
Development; providing for the management of the Fund; specifying what
moneys may constitute the Fund; authorizing the Department to use moneys in
the Fund for certain purposes subject to certain requirements and restrictions;
authorizing the Department to set the terms and conditions for loan financing
assistance; providing that the Fund is a growth-related project for the purposes
of determining priorities for State funding of capital projects; requiring the
Department to convene a certain study panel; requiring certain reports; defining
certain terms; providing for the termination of this Act; and generally relating to
the Maryland Competitive Advantage Financing Fund.

BY adding to

Article 83A - Department of Business and Economic Development

Section 5-1301 through 5-1305, inclusive, to be under the new subtitle "Subtitle
13. Maryland Competitive Advantage Financing Fund"

Annotated Code of Maryland

(1998 Replacement Volume)

BY repealing and reenacting, with amendments.
Article - State Finance and Procurement
Section 5-7B-01(d)(1)(iii)
Annotated Code of Maryland

(1995 Replacement Volume and 1998 Supplement)

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

Article 83A - Department of Business and Economic Development

SUBTITLE 13. MARYLAND COMPETITIVE ADVANTAGE FINANCING FUND.
5-1301.

(A). IN THIS SUBTITLE THE FOLLOWING WORDS HAVE THE MEANINGS
INDICATED.

(B) "FUND" MEANS THE MARYLAND COMPETITIVE ADVANTAGE FINANCING
FUND.