reglab/housing_qa huggingface dataset:
MD. Economic Development Code Ann. §  5-314 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 3 - Maryland Economic Development Assistance Authority and Fund|Part III - Maryland Economic Development Assistance Fund|Section 5-314 - Use of Fund

    (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.
MD. Economic Development Code Ann. §  5-315 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 3 - Maryland Economic Development Assistance Authority and Fund|Part III - Maryland Economic Development Assistance Fund|Section 5-315 - Reporting Requirements

    In accordance with § 2.5–109 of this article, the Department shall report on the number, amount, use, and economic benefits of financial assistance provided under this subtitle.
MD. Economic Development Code Ann. §  5-316 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 3 - Maryland Economic Development Assistance Authority and Fund|Part III - Maryland Economic Development Assistance Fund|Section 5-316 - Continued Authorization for Incorporated Funds

    Financial assistance is deemed authorized under this subtitle if it was provided, or approved to be provided, from the following programs that have been incorporated into the Fund:        (1)    the Brownfields Revitalization Incentive Fund;        (2)    the Child Care Facilities Direct Loan Fund;        (3)    the Child Care Special Loan Fund;        (4)    the Maryland Industrial and Commercial Redevelopment Fund;        (5)    the Maryland Industrial Land Act;        (6)    the Maryland Seafood and Aquaculture Loan Fund; and        (7)    the Smart Growth Economic Development Infrastructure Fund.
MD. Economic Development Code Ann. §  5-320 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 3 - Maryland Economic Development Assistance Authority and Fund|Part IV - Financial Assistance From Fund|Section 5-320 - Eligibility of Applicants; Applications for Financial Assistance

    (a)    To be eligible for financial assistance from the Fund, an applicant shall be:        (1)    a local economic development fund that meets the criteria set forth in Part V of this subtitle; or        (2)    an individual, private business, nonprofit entity, or local government, or the Corporation that intends to use the requested financial assistance for a project that:            (i)    except as provided in subsection (b) of this section, is in an eligible industry sector under § 5–321 of this subtitle; and            (ii)    has a strong potential for expanding or retaining employment opportunities in the State.    (b)    A project need not be in an eligible industry sector if the applicant:        (1)    is located in a Tier I county; or        (2)    (i)    is a local government or the Corporation; and            (ii)    does not intend to use the financial assistance to carry out a project that benefits a particular private sector entity.    (c)    In form and content acceptable to the Department, an applicant for financial assistance from the Fund shall submit to the Department an application that contains:        (1)    the information that the Department or Authority considers necessary to evaluate the request for financial assistance; and        (2)    for a Tier I county project:            (i)    a marketing plan designed to market the project to prospective businesses;            (ii)    a statement of planned marketing expenditures as a percent of the total financial assistance amount requested; and            (iii)    a plan for the project that is consistent with the county’s local strategic economic development plan as to the location and type of project.
MD. Economic Development Code Ann. §  5-321 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 3 - Maryland Economic Development Assistance Authority and Fund|Part IV - Financial Assistance From Fund|Section 5-321 - Eligible Industry Sectors

    (a)    (1)    After consulting with the Department and the Maryland Department of Labor, each year the Maryland Economic Development Commission shall:            (i)    evaluate the potential employment and economic growth of Maryland’s industry sectors; and            (ii)    recommend eligible industry sectors to the Authority.        (2)    Each year the Authority shall:            (i)    consider the recommendation of the Maryland Economic Development Commission; and            (ii)    establish a list of industry sectors that will be eligible for financial assistance from the Fund.        (3)    In determining whether an applicant is engaged in an eligible industry sector, the Department shall consider the definitions set forth in the North American Industry Classification System.    (b)    (1)    For the purpose of providing financial assistance under this subtitle, the following are deemed to be in eligible industry sectors:            (i)    aquaculture projects;            (ii)    arts and entertainment enterprises;            (iii)    arts and entertainment projects;            (iv)    redevelopment of qualified brownfields sites;            (v)    creation or expansion of child care facilities;            (vi)    projects in areas that are declared to be federal disaster areas within 1 year before the Department receives an application for financial assistance under this subtitle; and            (vii)    feasibility studies.        (2)    The requirements specifically imposed on significant strategic economic development opportunities and local economic development opportunities under this subtitle do not apply to the items listed in paragraph (1) of this subsection.
MD. Economic Development Code Ann. §  5-322 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 3 - Maryland Economic Development Assistance Authority and Fund|Part IV - Financial Assistance From Fund|Section 5-322 - Authorized Uses

    (a)    Financial assistance from the Fund may be used only to finance costs incurred for:        (1)    construction or acquisition of a building or real property, and associated development and carrying costs;        (2)    construction, acquisition, or installation of equipment, furnishings, fixtures, leasehold improvements, site improvements, or infrastructure improvements, including rail line enhancements on or to the site of an economic development project, and associated development and carrying costs;        (3)    working capital for significant strategic economic development opportunities, arts and entertainment enterprises, or arts and entertainment projects;        (4)    redevelopment of qualified brownfields sites;        (5)    subject to § 5-325(b)(3) of this subtitle, construction, purchase, or renovation of real property, fixtures, or equipment related to a child care facility;        (6)    if supported by a resolution adopted by the governing body of the jurisdiction in which a project may be located, feasibility studies;        (7)    subject to § 5-325(b)(4) of this subtitle, preparation of a county’s or municipal corporation’s strategy or plan for economic development; and        (8)    a project intended to assist businesses in areas that are declared to be federal disaster areas, but only if the Department receives an application for financial assistance within 1 year after the declaration of the federal disaster area.    (b)    Financial assistance from the Fund may not be used to refinance existing debt.
MD. Economic Development Code Ann. §  5-323 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 3 - Maryland Economic Development Assistance Authority and Fund|Part IV - Financial Assistance From Fund|Section 5-323 - Limitation on Financial Assistance

    Financial assistance from the Fund may not exceed the lesser of:         (1)    $10,000,000; or        (2)    20% of the Fund balance.
MD. Economic Development Code Ann. §  5-324 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 3 - Maryland Economic Development Assistance Authority and Fund|Part IV - Financial Assistance From Fund|Section 5-324 - Qualifications

    (a)    Each subsection of this section is subject to § 5–323 of this subtitle.    (b)    If the Department or Authority determines a project to be a significant strategic economic development opportunity, the Department or Authority may provide a loan from the Fund for the project to an individual, private business, nonprofit entity, or the Corporation in an amount not exceeding $10,000,000.    (c)    If the Department or Authority determines a project to be a local economic development opportunity, the Department or Authority may provide financial assistance from the Fund for the project to an individual, private business, nonprofit entity, or the Corporation in an amount not exceeding:        (1)    $5,000,000 for a loan or investment; and        (2)    $2,000,000 for a grant.    (d)    (1)    Financial assistance provided to a local government or the Corporation to finance a project may be:            (i)    in the form of a grant, loan, or investment; and            (ii)    except as provided in paragraph (2) of this subsection, in an amount not exceeding $3,000,000.        (2)    Financial assistance for a Tier I county project may be in an amount determined by the Department.        (3)    A grant to a local economic development fund is subject to the requirements of Part V of this subtitle.    (e)    Financial assistance for a specialized economic development opportunity may be:        (1)    provided to an individual, private business, nonprofit entity, or local government, or the Corporation;        (2)    in the form of a grant, loan, or investment; and        (3)    in an amount determined by the Department or Authority.
MD. Economic Development Code Ann. §  5-326 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 3 - Maryland Economic Development Assistance Authority and Fund|Part IV - Financial Assistance From Fund|Section 5-326 - Minority Business Enterprise Requirement

    (a)    In this section, “minority business enterprise” has the meaning stated in § 14-301 of the State Finance and Procurement Article.    (b)    (1)    This section applies to financial assistance that exceeds $100,000.        (2)    This section does not apply to financial assistance that is used solely to acquire real property or structures on real property.    (c)    (1)    If a local government that receives financial assistance has a program for promoting procurement opportunities among minority businesses that is acceptable to the Department, the local government shall apply the requirements of that program to procurement made with the proceeds of financial assistance.        (2)    If the local government does not have a program that is acceptable to the Department under paragraph (1) of this subsection, the local government is subject to subsection (d) of this section.    (d)    (1)    An entity other than a local government, or a local government in accordance with subsection (c)(2) of this section, that receives financial assistance shall agree to include in the agreement providing the financial assistance a provision acceptable to the Department that would encourage the procurement from minority business enterprises of goods or services purchased with the proceeds from the financial assistance.        (2)    In negotiating the provision required under paragraph (1) of this subsection, the Department shall take into account relevant factors, including:            (i)    the intended use of the proceeds from the financial assistance; and            (ii)    the feasibility of obtaining the required goods or services from minority business enterprises.    (e)    The Department may require a recipient of financial assistance to submit to the Department a list, or an updated list, of the minority business enterprises from which goods or services were procured and the nature and cost of the goods or services.
MD. Economic Development Code Ann. §  5-329 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 3 - Maryland Economic Development Assistance Authority and Fund|Part V - Grants to Local Economic Development Funds|Section 5-329 - Authorized

    (a)    A local government may apply to the Department for a grant from the Fund to a local economic development fund.    (b)    In determining whether to approve a grant to a local economic development fund, the Department or Authority shall consider and determine:        (1)    the average rate of unemployment for the local jurisdiction in comparison to the average rate of unemployment for the State;        (2)    whether the local government currently administers a local economic development fund;        (3)    the ability of the local government to leverage private money;        (4)    the level of financial commitment provided by the local government; and        (5)    any other factors that the Department or Authority considers relevant.
MD. Economic Development Code Ann. §  5-330 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 3 - Maryland Economic Development Assistance Authority and Fund|Part V - Grants to Local Economic Development Funds|Section 5-330 - Matching Funds Required

    (a)    Except as provided in subsection (b) of this section, to qualify for a grant from the Fund, a local government shall provide at least an equal and matching grant of money to the local economic development fund.    (b)    A local government that is, or is located in, a Tier I county may qualify for a grant from the Fund by providing a grant to the local economic development fund in an amount equal to at least 50% of the grant from the Fund.
MD. Economic Development Code Ann. §  5-331 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 3 - Maryland Economic Development Assistance Authority and Fund|Part V - Grants to Local Economic Development Funds|Section 5-331 - Limitations

    (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.
MD. Economic Development Code Ann. §  5-332 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 3 - Maryland Economic Development Assistance Authority and Fund|Part V - Grants to Local Economic Development Funds|Section 5-332 - Use of Grants; Reversion to Department

    (a)    A local government shall use a grant under this part:        (1)    to provide loans or loan guarantees, or to subsidize the interest rate on loans, for financing economic development projects; or        (2)    to provide loans to small businesses.    (b)    The Department may require that money from a grant under this part be returned to the Department if the local economic development fund is inactive for more than 2 years after the grant is made.
MD. Economic Development Code Ann. §  5-335 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 3 - Maryland Economic Development Assistance Authority and Fund|Part VI - Brownfields Revitalization Incentive Program|Section 5-335 - Established

    (a)    There is a Brownfields Revitalization Incentive Program in the Department.    (b)    The Department shall develop a program of financial assistance, including low-interest loans and grants, to assist persons who participate in the Brownfields Revitalization Incentive Program.
MD. Economic Development Code Ann. §  5-336 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 3 - Maryland Economic Development Assistance Authority and Fund|Part VI - Brownfields Revitalization Incentive Program|Section 5-336 - Election by County or Municipal Corporation to Participate

    A county or municipal corporation may elect to participate in the Brownfields Revitalization Incentive Program by:         (1)    (i)    submitting to the Department a list of potential brownfields sites in the county or municipal corporation, ranked in the order of priority for redevelopment that the county or municipal corporation recommends; and            (ii)    updating each year the list submitted under item (i) of this item; or        (2)    (i)    enacting legislation granting property tax credits in accordance with § 9-229 of the Tax - Property Article; and            (ii)    notifying the Department of the legislation.
MD. Economic Development Code Ann. §  5-337 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 3 - Maryland Economic Development Assistance Authority and Fund|Part VI - Brownfields Revitalization Incentive Program|Section 5-337 - Financial Assistance for Environmental Site Assessments

    (a)    Notwithstanding any other provision of law, the Department may provide to a person, including a responsible person, a low-interest loan or grant to conduct the environmental site assessment of a potential brownfields site that is required to participate in the Voluntary Cleanup Program under Title 7, Subtitle 5 of the Environment Article, if the person:        (1)    has not already applied to participate in the Program;        (2)    is otherwise eligible to participate in the Program; and        (3)    meets the eligibility requirements that the Department sets.    (b)    The information contained in an environmental site assessment is:        (1)    the property of the State, if the assessment is financed wholly or partly by:            (i)    a grant from the Department; or            (ii)    a loan that is in payment default; or        (2)    the property of the person who contracted for the assessment, if the assessment is financed by:            (i)    a loan from the Department; or            (ii)    a grant that is repaid.    (c)    Eligibility for a loan or grant for an environmental site assessment under this section does not constitute eligibility for:        (1)    any other financial assistance under this subtitle; or        (2)    the tax credits provided under § 9-229 of the Tax - Property Article.    (d)    The recipient of a grant under this section shall repay the grant if, within 12 months after receiving the grant, the recipient does not receive approval from the Department of the Environment to:        (1)    participate in the Voluntary Cleanup Program; or        (2)    implement a corrective action plan under Title 4 of the Environment Article.    (e)    A low-interest loan provided under this section shall convert to a market rate loan if, within 12 months after receiving the loan, the recipient does not receive approval from the Department of the Environment to:        (1)    participate in the Voluntary Cleanup Program; or        (2)    implement a corrective action plan under Title 4 of the Environment Article.    (f)    The Department may establish procedures and eligibility requirements for the approval of requests for loans and grants under this section.