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PARRIS N. GLENDENING, Governor Ch. 305
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(ii) On the exterior and interior, where appropriate, of the historic
structures.
(b) The easement must be in form and substance acceptable to the Trust
and the extent of the interest to be encumbered must be acceptable to the Trust.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
June 1, 2000.
Approved May 11, 2000.
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CHAPTER 305
(Senate Bill 783)
AN ACT concerning
Business and Economic Development - Financing Programs Consolidation
Act of 2000
FOR the purpose of consolidating the Department of Business and Economic
Development's programs for financial assistance; repealing the Department's
capacity to provide assistance for commercial rehabilitation; repealing the
statute governing the Brownfields Revitalization Incentive Program within the
Department; altering the list enumerating the Department's financial
assistance programs; repealing the statute governing the Enterprise Zone
Venture Capital Guarantee Fund; exempting the disposition of real or personal
property acquired by the Department of Business and Economic Development in
transactions funded from a certain fund; repealing the statute governing the
Maryland Enterprise Incentive Deposit Program; repealing the Maryland
Industrial Land Act, with the exception of the section governing the Smart
Growth Economic Development Infrastructure Fund; repealing references to the
Maryland Industrial Land Act in the statute governing the Smart Growth
Economic Development Infrastructure Fund; expanding the purposes of the
Maryland Industrial Development Financing Authority (MIDFA) to include
encouraging the creation and expansion of day care facilities; altering the
composition of MIDFA; creating the Industrial Development Fund to replace
MIDFAs Bond Insurance Fund and Authorized Purpose Insurance Fund, the
Department's Day Care Facilities Loan Guarantee Fund, and the Maryland
Enterprise Incentive Deposit Fund; repealing provisions governing the
Maryland Seafood and Aquaculture Loan Fund; authorizing MIDFA to provide
financial assistance for energy conservation projects and energy projects;
repealing the requirement for local governmental approval for bonds issued by
MIDFA; creating a Linked Deposit Program to be administered by MIDFA;
authorizing MIDFA to accept certain investment instruments in connection with
its provision of financial assistance; authorizing the Department to make grants
and investments from the Maryland Economic Development Assistance Fund;
authorizing the Department to use funds from the Maryland Economic
Development Assistance Fund to provide financial assistance for redevelopment
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