Unannotated Code of Maryland (Last Updated: May 16, 2014) |
ECONOMIC DEVELOPMENT |
DIVISION I. DEPARTMENT OF BUSINESS AND ECONOMIC DEVELOPMENT |
TITLE 5. ECONOMIC DEVELOPMENT AND FINANCIAL ASSISTANCE PROGRAMS |
SUBTITLE 4. MARYLAND INDUSTRIAL DEVELOPMENT FINANCING AUTHORITY |
PART III. INDUSTRIAL DEVELOPMENT FUND |
§ 5-427. Additional money
Latest version.
-
(a) In general. -- The Authority shall send a written request to the Board of Public Works for additional money if:
(1) the Authority and the Secretary find that more money is needed to keep the reserves of the Fund at an adequate level; and
(2) the Secretary consents to the request.
(b) Board of Public Works. -- The Board of Public Works may disburse the requested amount from the General Emergency Fund.