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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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ECONOMIC DEVELOPMENT |
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DIVISION I. DEPARTMENT OF BUSINESS AND ECONOMIC DEVELOPMENT |
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TITLE 2. DEPARTMENT OF BUSINESS AND ECONOMIC DEVELOPMENT |
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SUBTITLE 2. MARYLAND ECONOMIC DEVELOPMENT COMMISSION |
§ 2-206. Miscellaneous powers and duties
Latest version.
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(a) Powers. -- The Commission may:
(1) adopt bylaws for the conduct of its business;
(2) hire consultants; and
(3) do anything necessary or convenient to carry out its powers and the purposes of this subtitle.
(b) Duties. -- The Commission shall:
(1) develop and update an economic development strategic plan for the State;
(2) seek ideas and advice from each region of the State to develop the economic development strategic plan;
(3) incorporate into the economic development strategic plan the Maryland Port Administration strategic plan developed for the Helen Delich Bentley Port of Baltimore;
(4) recommend to the Governor the program and spending priorities needed to implement the economic development strategic plan;
(5) review the allocation of financing incentives;
(6) participate in marketing the State and encouraging new businesses to locate in the State;
(7) seek contributions from the private sector to supplement economic development programs and financial incentives to business; and
(8) carry out other economic development activities that the Governor requests.
(c) Approved budget amendment required. -- The Commission may spend money raised under subsection (b) of this section only in accordance with the State budget.
(d) Approval of regulations. -- Departmental regulations that pertain to financing programs shall be approved by the Commission before adoption.