clear space clear space clear space white space
A
 r c h i v e s   o f   M a r y l a n d   O n l i n e
  Maryland State Archives | Index | Help | Search search for:
clear space
white space
Session Laws, 2000
Volume 797, Page 1784   View pdf image
 Jump to  
   << PREVIOUS  NEXT >>
clear space clear space clear space white space
Ch. 305
2000 LAWS OF MARYLAND
1. A marketing plan designed to market the project to
prospective businesses and a statement of planned marketing expenditures as a
percent of the total financial assistance amount requested; and 2. A site plan for the project that is consistent with the
county's local strategic economic development plan as to the location and type of
project. (ii) The Secretary may not approve financial assistance for a project
under this section unless the Secretary approves the marketing plan and site plan for
the project submitted with the application. (4) (i) Each loan agreement under this section shall include a
provision for repayment of principal to begin only after the project is initially
occupied. (ii) The Secretary may include in a loan agreement under this
section a provision for payment of interest to begin only after the project is initially
occupied. (5) (i) To be eligible for financial assistance under this section, the
Maryland Economic Development Corporation shall enlist as a co-applicant for the
financial assistance the qualified distressed county or municipal corporation applying
under subsection (e) of this section in which the project to be funded under this
section is located. (ii) As the co-applicant, the qualified distressed county or
municipal corporation applying shall: 1. Certify that it supports the project and that the proposed
financial assistance is consistent with the qualified distressed county's plan for
economic development; and 2. Provide to the Department details of the qualified
distressed county's support for and participation in the project. (6) In approving financial assistance, the Secretary shall consider the
aggregate amount of financial assistance that may already have been provided for a
particular qualified distressed county under this section and under any other State
economic development program to ensure that no particular qualified distressed
county benefits disproportionately from financial assistance under this section. (d) The Department may develop a local strategic plan for economic
development in a qualified distressed county in consultation with a municipal
corporation in that county if: (1) The qualified distressed county has not developed a local strategic
plan for economic development; or (2) The qualified distressed county has developed a local strategic plan
for economic development but is not actively pursuing financial assistance from the
Fund.
- 1784 -


  		clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
Session Laws, 2000
Volume 797, Page 1784   View pdf image
 Jump to  
   << PREVIOUS  NEXT >>


This web site is presented for reference purposes under the doctrine of fair use. When this material is used, in whole or in part, proper citation and credit must be attributed to the Maryland State Archives. PLEASE NOTE: The site may contain material from other sources which may be under copyright. Rights assessment, and full originating source citation, is the responsibility of the user.

Tell Us What You Think About the Maryland State Archives Website!

An Archives of Maryland electronic publication.
For information contact msa.helpdesk@maryland.gov.

©Copyright  August 17, 2024
Maryland State Archives