§ 5-331. Limitations

MD Econ Dev Code § 5-331 (2019) (N/A)
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(a)    During each fiscal year the Department may not grant more than $2,000,000 under this part.

(b)    (1)    Subject to paragraph (2) of this subsection, during each fiscal year a county may not receive more than $250,000 under this part.

(2)    For purposes of the limitation under paragraph (1) of this subsection:

(i)    any money received under this part by a municipal corporation or designated agency or instrumentality is deemed to be money granted to the county within which the municipal corporation, agency, or instrumentality is located; and

(ii)    if more than one county administers or capitalizes a local economic development fund, each county may receive the maximum authorized for a county.