reglab/housing_qa huggingface dataset:
MD. Economic Development Code Ann. §  5-413 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 4 - Maryland Industrial Development Financing Authority|Part II - Maryland Industrial Development Financing Authority|Section 5-413 - Powers and Duties

    (a)    The Authority may:        (1)    adopt bylaws for the conduct of its business;        (2)    adopt a seal;        (3)    maintain offices in the State;        (4)    sue and be sued in its own name;        (5)    retain consultants;        (6)    use the services of other governmental agencies;        (7)    in accordance with the purposes of this subtitle, contract for and accept a loan or grant from the federal government or the State, a local government, or any of their units or instrumentalities;        (8)    acquire, improve, manage, operate, dispose of, or otherwise deal with property, take assignments of rentals and leases, and make contracts, leases, agreements, and arrangements that are necessary or incidental to the performance of the Authority’s duties, on the terms and conditions that it may consider advisable;        (9)    acquire or receive assignment of a document executed, obtained, or delivered in connection with financial assistance under this subtitle;        (10)    subject to any outstanding agreement the Authority makes under this subtitle, make a covenant or other agreement regarding the Authority’s insurance funds, establish within them accounts to carry out this subtitle, and allocate revenue and receipts among the accounts;        (11)    fix, charge, and collect a premium, fee, cost, or other expense related to financial assistance under this subtitle, including an application fee, commitment fee, program fee, finance charge, and publication fee;        (12)    authorize the chair, vice chair, or Executive Director to perform, on behalf of the Authority, a duty or prescribe, specify, determine, or approve a detail, document, procedure, or a matter that the Authority, in its sole discretion, determines appropriate to carry out this subtitle; and        (13)    do all things necessary or convenient to carry out the powers granted by this subtitle.    (b)    The Authority shall:        (1)    keep records of its funds and accounts; and        (2)    ensure that its funds and accounts are audited annually.    (c)    In its internal functions, the Authority shall purchase office space, supplies, facilities, materials, equipment, and professional services in accordance with the State Finance and Procurement Article.    (d)    The Authority exercises its powers and performs its duties subject to the authority of the Secretary.
MD. Economic Development Code Ann. §  5-414 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 4 - Maryland Industrial Development Financing Authority|Part II - Maryland Industrial Development Financing Authority|Section 5-414 - Regulations

    The Authority may adopt regulations to carry out this subtitle.
MD. Economic Development Code Ann. §  5-415 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 4 - Maryland Industrial Development Financing Authority|Part II - Maryland Industrial Development Financing Authority|Section 5-415 - Agreements

    (a)    The Authority may approve, or may authorize the Executive Director to approve, the form of an agreement by the Authority under this subtitle.    (b)    Any money that the Authority pays under an agreement the Authority makes under this subtitle shall be payable as and when the Authority determines in its sole discretion.
MD. Economic Development Code Ann. §  5-416 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 4 - Maryland Industrial Development Financing Authority|Part II - Maryland Industrial Development Financing Authority|Section 5-416 - Effect of Finding

    A finding by the Authority, including a finding as to the public purpose of an action taken under this subtitle, and the appropriateness of that action to serve the public purpose, is conclusive in a proceeding involving the validity or enforceability of:         (1)    an agreement the Authority enters into under this subtitle;        (2)    a bond; or        (3)    any security relating to item (1) or (2) of this section.
MD. Economic Development Code Ann. §  5-417 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 4 - Maryland Industrial Development Financing Authority|Part II - Maryland Industrial Development Financing Authority|Section 5-417 - Public Ethics; Rules of Construction

    Even though a determination of the Authority about financial assistance is subject to the Maryland Public Ethics Law, the existence of a conflict of interest or a violation of the Maryland Public Ethics Law does not affect:         (1)    the validity of a finding or determination made under this subtitle;        (2)    the enforceability of an agreement that the Authority makes under this subtitle; or        (3)    the validity or enforceability of a bond that the Authority issues.
MD. Economic Development Code Ann. §  5-418 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 4 - Maryland Industrial Development Financing Authority|Part II - Maryland Industrial Development Financing Authority|Section 5-418 - Immunity From Personal Liability

    A member of the Authority, a person executing a bond or agreement of the Authority under this subtitle, or an employee of the Authority, the Department, or the State is not:         (1)    personally liable on a bond or agreement of the Authority; or        (2)    subject to personal liability or accountability arising from the issuance, execution, or delivery of a bond or agreement of the Authority.
MD. Economic Development Code Ann. §  5-419 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 4 - Maryland Industrial Development Financing Authority|Part II - Maryland Industrial Development Financing Authority|Section 5-419 - Reports

    (a)    In accordance with § 2.5–109 of this article, the Authority shall submit a report on its condition and operations.    (b)    In addition to the requirements under § 2.5–109(c) of this article, the report required under this section shall be submitted to the chair of the Joint Audit and Evaluation Committee.
MD. Economic Development Code Ann. §  5-420 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 4 - Maryland Industrial Development Financing Authority|Part II - Maryland Industrial Development Financing Authority|Section 5-420 - Dissolution

    If the Authority dissolves, title to its property vests in the State.
MD. Economic Development Code Ann. §  5-423 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 4 - Maryland Industrial Development Financing Authority|Part III - Industrial Development Fund|Section 5-423 - Established

    There is an Industrial Development Fund.
MD. Economic Development Code Ann. §  5-424 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 4 - Maryland Industrial Development Financing Authority|Part III - Industrial Development Fund|Section 5-424 - Purpose

    The Fund shall be used:        (1)    for the purposes described in Part VI and §§ 5–430, 5–431, and 5–438 of this subtitle; and        (2)    to pay expenses of the Authority, including expenses:            (i)    for administrative, legal, actuarial, and other services;            (ii)    related to:                1.    issuance or insurance of bonds and authorized purpose obligations; and                2.    funding of reserves; and            (iii)    of providing other financial assistance under this subtitle.
MD. Economic Development Code Ann. §  5-425 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 4 - Maryland Industrial Development Financing Authority|Part III - Industrial Development Fund|Section 5-425 - Composition

    (a)    The Fund is a continuing, nonlapsing fund that is not subject to reversion under § 7-302 of the State Finance and Procurement Article.    (b)    The Fund consists of:        (1)    money appropriated in the State budget to the Fund;        (2)    premiums, fees, and any other money received by the Authority with respect to financial assistance provided by the Authority from the Fund;        (3)    proceeds from the sale, lease, or other disposition of property of the Authority;        (4)    interest received from linked deposits made from the Linked Deposit Program under Part VI of this subtitle; and        (5)    any other money made available under this subtitle.
MD. Economic Development Code Ann. §  5-426 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 4 - Maryland Industrial Development Financing Authority|Part III - Industrial Development Fund|Section 5-426 - Investments

    (a)    The Treasurer shall:        (1)    invest the money in the Fund in the same manner as other State money may be invested; and        (2)    credit any investment earnings to the Fund.    (b)    Any net investment earnings of the Fund, beyond those necessary to further the purposes of this subtitle, may not benefit a person other than the State.
MD. Economic Development Code Ann. §  5-427 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 4 - Maryland Industrial Development Financing Authority|Part III - Industrial Development Fund|Section 5-427 - Additional Money

    (a)    The Authority shall send a written request to the Board of Public Works for additional money if:        (1)    the Authority and the Secretary find that more money is needed to keep the reserves of the Fund at an adequate level; and        (2)    the Secretary consents to the request.    (b)    The Board of Public Works may disburse the requested amount from the General Emergency Fund.
MD. Economic Development Code Ann. §  5-428 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 4 - Maryland Industrial Development Financing Authority|Part III - Industrial Development Fund|Section 5-428 - Surplus Money

    With the consent of the Secretary, the Authority may pay to the Treasurer, to the credit of the General Fund, money that the Authority determines exceeds the amount necessary to meet:         (1)    the obligations of the Authority under this subtitle; and        (2)    the requirements of this subtitle.
MD. Economic Development Code Ann. §  5-429 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 4 - Maryland Industrial Development Financing Authority|Part III - Industrial Development Fund|Section 5-429 - Report of Treasurer

    Each year the Treasurer shall report to the Authority on the:         (1)    status of the Fund;        (2)    market value of the assets in the Fund as of the date of the report; and        (3)    earnings from investments of the Fund during the period covered by the report.
MD. Economic Development Code Ann. §  5-430 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 4 - Maryland Industrial Development Financing Authority|Part III - Industrial Development Fund|Section 5-430 - Bond-Related Insurance

    (a)    If the requirements of this section are satisfied, and subject to § 5-432 of this subtitle, the Authority may use the Fund to:        (1)    insure the payment of any of the principal of, redemption or prepayment premiums or penalties on, and interest on:            (i)    bonds; and            (ii)    any instrument executed, obtained, or delivered in connection with the issuance and sale of bonds; and        (2)    pay or insure the payment of fees or premiums for insurance, guarantees, or other credit support in connection with financial assistance under this subtitle.    (b)    Based on factors it considers relevant, the Authority shall determine, in its sole discretion, that the economic impact of the transaction will be substantial.    (c)    The Authority shall find:        (1)    that the acquisition or improvement of a facility will not result in:            (i)    the removal from one county to another county of the business operations of the facility user; or            (ii)    the abandonment of a facility in the State; or        (2)    if the acquisition or improvement will result in removal or abandonment, that the acquisition or improvement will:            (i)    discourage the facility user from leaving the State; or            (ii)    preserve the competitive position of the facility user in its industry.    (d)    The Authority shall find that the Authority will not be required, except on default, to operate, service, or maintain the facility.    (e)    The bonds or instruments shall be secured in a manner that the Authority approves.    (f)    Financial assistance from the Fund provided under this section may not exceed an aggregate amount of $7,500,000 for a single facility.
MD. Economic Development Code Ann. §  5-431 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 4 - Maryland Industrial Development Financing Authority|Part III - Industrial Development Fund|Section 5-431 - Authorized Purpose Obligation Insurance

    (a)    If the requirements of this section are satisfied, and subject to § 5-432 of this subtitle, the Authority may use the Fund to:        (1)    insure the payment of any of the principal of, redemption or prepayment premiums or penalties on, and interest on authorized purpose obligations; and        (2)    pay or insure the payment of fees or premiums for insurance, guarantees, or other credit support in connection with financial assistance under this subtitle.    (b)    Based on factors it considers relevant, the Authority shall determine, in its sole discretion, that the economic impact of the transaction will be substantial.    (c)    The Authority shall find:        (1)    that the transaction will not result in:            (i)    the removal from one county to another county of the business operations of any person who benefits from the transaction; or            (ii)    the abandonment of the business operations in the State of any person who benefits from the transaction; or        (2)    if the transaction will result in removal or abandonment, that the transaction will:            (i)    discourage the business from leaving the State; or            (ii)    preserve the competitive position of the business in its industry.    (d)    Financial assistance under this section may only be used in connection with a retail establishment if the Authority determines, in its sole discretion, that the financial assistance will accomplish the purposes of this subtitle.    (e)    The Authority shall find that the Authority will not be required, except on default, to operate, service, or maintain any business.    (f)    The authorized purpose obligations shall be secured in a manner that the Authority approves.    (g)    Financial assistance from the Fund provided under this section may not exceed an aggregate amount of $2,500,000 for a single transaction.    (h)    The aggregate amount of insurance provided under this section for a single authorized purpose obligation may not exceed:        (1)    for an export-related financing transaction, 90% of the total of the principal of, redemption or prepayment premiums or penalties on, and interest on, the authorized purpose obligation; or        (2)    for a transaction other than an export-related financing transaction, 80% of the total of the principal of, redemption or prepayment premiums or penalties on, and interest on, the authorized purpose obligation.
MD. Economic Development Code Ann. §  5-432 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 4 - Maryland Industrial Development Financing Authority|Part III - Industrial Development Fund|Section 5-432 - Leverage Limitations

    The portion of the aggregate principal amount of bonds and authorized purpose obligations that the Fund insures at any time may not exceed 5 times the Fund balance.
MD. Economic Development Code Ann. §  5-435 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 4 - Maryland Industrial Development Financing Authority|Part IV - Financial Assistance|Section 5-435 - Application of Other Laws

    Financial assistance under this subtitle is:        (1)    subject to the provisions of Title 20 of the State Government Article concerning discrimination and unlawful practices; and        (2)    not subject to Title 17, Subtitle 1 of the State Finance and Procurement Article (Security for construction projects).
MD. Economic Development Code Ann. §  5-437 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 4 - Maryland Industrial Development Financing Authority|Part IV - Financial Assistance|Section 5-437 - Authorized Purpose Obligation Not Exceeding $250,000

    (a)    The Authority may authorize the Executive Director of the Authority to approve, on behalf of the Authority, financial assistance under § 5–431 of this subtitle not exceeding the aggregate amount of $250,000 for a single transaction.    (b)    An approval by the Executive Director under this section:        (1)    is subject to concurrence of the Secretary, the Secretary’s designee, or the chair of the Authority;        (2)    shall comply with the requirements of this subtitle; and        (3)    is binding on the Authority.
MD. Economic Development Code Ann. §  5-438 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 4 - Maryland Industrial Development Financing Authority|Part IV - Financial Assistance|Section 5-438 - Equity Interest

    In conjunction with financial assistance under this subtitle, the Authority may:         (1)    accept an option to acquire an equity interest in a business enterprise; and        (2)    exercise, in its sole discretion, the option using money from the Fund.
MD. Economic Development Code Ann. §  5-439 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 4 - Maryland Industrial Development Financing Authority|Part IV - Financial Assistance|Section 5-439 - Premiums and Fees

    (a)    The Authority may set premiums and fees for financial assistance under this subtitle in its sole discretion.    (b)    The premiums and fees shall be payable in the amounts, at the time, and in the manner that the Authority requires in its sole discretion.    (c)    The premiums and fees may vary in amount among approvals for financial assistance under this subtitle and at different stages of the financial assistance.
MD. Economic Development Code Ann. §  5-440 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 4 - Maryland Industrial Development Financing Authority|Part IV - Financial Assistance|Section 5-440 - Waiver of Insurance Premiums

    (a)    The Authority may not charge a premium for insurance if the Authority determines that, at the time the insurance is approved, the facility or business for which the Authority provides insurance is located in a Tier I county.    (b)    A determination by the Authority under subsection (a) of this section for a facility or business is effective for as long as the financial assistance is in effect.
MD. Economic Development Code Ann. §  5-441 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 4 - Maryland Industrial Development Financing Authority|Part IV - Financial Assistance|Section 5-441 - Continuity of Existing Authorized Purpose Obligations

    (a)    Insurance on bonds or authorized purpose obligations provided before July 1, 2000, shall continue as obligations of the Authority and are authorized under this subtitle.    (b)    Financial assistance that the Authority approves, but that is not closed before July 1, 2000, is authorized under this subtitle.    (c)    Bonds issued by the Maryland Energy Financing Administration shall continue after December 31, 2001, as obligations of the Authority and are authorized under this subtitle.    (d)    Loan guarantees that the Department provided from the former Day Care Loan Guarantee Fund shall continue as obligations of the Authority and are authorized under this subtitle.    (e)    Deposit agreements between the Department and a lender under the former Maryland Enterprise Incentive Deposit Fund Program shall continue as obligations of the Authority and are authorized under this subtitle.
MD. Economic Development Code Ann. §  5-444 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 4 - Maryland Industrial Development Financing Authority|Part V - Projects|Section 5-444 - Status of Authority

    (a)    (1)    The Authority shall participate in financial assistance programs for energy projects provided by the federal Energy Security Act, P.L. 96-294.        (2)    For purposes of that Act, the Authority is a “person” as defined in:            (i)    42 U.S.C. § 8802, concerning the financing of biomass energy, municipal solid waste, and alcohol fuels projects; and            (ii)    30 U.S.C. § 1511, concerning the financing of geothermal energy projects.    (b)    For purposes of the federal Public Utility Regulatory Policies Act of 1978, the Authority is a “nonprofit organization” as defined in 16 U.S.C. § 2708 and used in 16 U.S.C. §§ 2702 and 2703, concerning small-scale hydropower projects.