Section 5-705 - Enterprise zones - Expansion. - Maryland Statutes

§ 5-705. Enterprise zones - Expansion.
 

(a)  In general.-  

(1) A political subdivision may apply to the Secretary to expand an existing enterprise zone in the same manner as the political subdivision would apply to designate a new enterprise zone. 

(2) The Secretary may grant an expansion of an enterprise zone into an area that meets the requirements of § 5-704 of this subtitle. 

(3) For purposes of § 5-704(b) of this subtitle, an expansion of an enterprise zone that does not exceed 50% of the existing geographic area of the enterprise zone does not count towards the limit on the number of enterprise zones that: 

(i) the Secretary may designate in a calendar year; or 

(ii) a county may receive in a calendar year. 

(b)  Extraordinary expansion.-  

(1) The Secretary may grant one extraordinary expansion of an enterprise zone in the State each calendar year for an area that: 

(i) meets the requirements of § 5-704 of this subtitle; and 

(ii) in the determination of the Secretary, has suffered a significant loss of economic base. 

(2) For purposes of § 5-704(b) of this subtitle, an extraordinary expansion of an enterprise zone does not count towards the limit on the number of enterprise zones that: 

(i) the Secretary may designate in a calendar year; or 

(ii) a county may receive in a calendar year. 
 

[An. Code 1957, art. 83A, § 5-402(i), (j); 2008, ch. 306, § 2.]