§ 5-314. Use of Fund

MD Econ Dev Code § 5-314 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

(a)    The Department may use money in the Fund to:

(1)    provide financial assistance to eligible applicants; and

(2)    pay expenses for administrative, actuarial, legal, and technical services for the Fund.

(b)    The Department periodically shall review its portfolio in an effort to ensure:

(1)    the equitable distribution among the counties of money from the Fund;

(2)    adequate funding for Tier I county projects; and

(3)    that no particular Tier I county benefits disproportionately from financial assistance to Tier I counties under this subtitle.