Section 5-329 - Authorized. - Maryland Statutes

§ 5-329. Authorized.
 

(a)  In general.- A local government may apply to the Department for a grant from the Fund to a local economic development fund. 

(b)  Considerations.- 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. 
 

[An. Code 1957, art. 83A, § 5-1407(a); 2008, ch. 306, § 2.]