§ 5-570. Economic impact of contract

MD Econ Dev Code § 5-570 (2019) (N/A)
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(a)    The Authority may only approve a guaranty or a bond under this part if the Authority determines that the contract, for which a bond is sought to be guaranteed or issued, will have a substantial economic impact.

(b)    To determine the economic impact of a contract, the Authority may consider:

(1)    the amount of the guaranty obligation;

(2)    the terms of the bond to be guaranteed;

(3)    the number of new jobs that the contract to be bonded will create; and

(4)    any other factor that the Authority considers relevant.