Md. Code, Economic Development § 5-332

Md. Code, Economic Development § 5-332
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
(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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gec&section=5-332&enactments=falseFetched: 10/16/2026

Starting a business in Maryland? Maryland LLC guide: costs and requirements