(1) CONSULT WITH THE DEPARTMENT AND THE DEPARTMENT OF
LABOR, LICENSING, AND REGULATION; AND

(2) EVALUATE THE POTENTIAL EMPLOYMENT AND ECONOMIC GROWTH
OF MARYLAND'S INDUSTRY SECTORS.

(C) IN DETERMINING WHETHER AN APPLICANT IS ENGAGED IN AN ELIGIBLE
INDUSTRY SECTOR, THE DEPARTMENT SHALL CONSIDER THE DEFINITIONS SET
FORTH IN THE STANDARD INDUSTRIAL CLASSIFICATION MANUAL.

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 ECONOMIC DEVELOPMENT ASSISTANCE
AUTHORITY AND FUND. AUTHORIZED UNDER ARTICLE 83A, TITLE 5, SUBTITLE 13 OF
THE CODE;

SECTION 2. AND BE IT FURTHER ENACTED, That terms of the initial
members of the Maryland Economic Development Assistance Authority shall expire
as follows:

(1) three members in 2002;

(2) two members in 2001; and

(3) two members in 2000.

SECTION 3. 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