Section 5-403 - Legislative findings; purposes. - Maryland Statutes

§ 5-403. Legislative findings; purposes.
 

(a)  Findings.- The General Assembly finds that: 

(1) unemployment conditions exist in many areas of the State; 

(2) the acquisition and improvement of facilities are essential to relieve this unemployment and establish a balanced economy in the State; 

(3) the health, safety, welfare, and right of gainful employment of residents throughout the State will be promoted by the acquisition and improvement of facilities; 

(4) the control or abatement of environmental pollution in the State, including noise pollution, is necessary to: 

(i) protect the health, safety, and welfare of the residents of the State; 

(ii) protect natural resources; 

(iii) retain and attract industry and commercial enterprises; and 

(iv) promote economic development; 

(5) public ports in the State are valuable assets and any improvements to these ports that increase the import and export of waterborne commerce will directly benefit residents throughout the State; 

(6) businesses need greater access to capital markets; and 

(7) the availability of financial assistance under this subtitle will promote the economic development of the State. 

(b)  Purposes.- The purposes of this subtitle are to: 

(1) relieve unemployment in the State; 

(2) encourage the increase of industry and commerce and a balanced economy in the State; 

(3) help retain and attract industry and commerce through measures including: 

(i) port development; 

(ii) the control, reduction, or abatement of environmental pollution; and 

(iii) the utilization and disposal of wastes; 

(4) promote economic development; 

(5) protect natural resources and encourage resource recovery; 

(6) encourage the creation and expansion of day care facilities in the State; and 

(7) promote the health, safety, and welfare of residents throughout the State. 
 

[An. Code 1957, art. 83A, § 5-902(a), (b); 2008, ch. 306, § 2.]