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 V. PROJECTS |
§ 5-446. Energy project -- Considerations; promotion
Latest version.
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(a) Factors considered. -- In awarding financial assistance under this subtitle for an energy project, the Authority shall consider whether the energy project would:
(1) reduce the consumption of petroleum and other energy sources;
(2) increase the energy supply available in the State;
(3) increase employment and economic activity in the State;
(4) use sound technology and be economically feasible;
(5) minimize harm to the environment; and
(6) make the most use of federal financial assistance programs for energy projects.
(b) Active promotion. -- The Authority shall:
(1) promote programs of financial assistance for energy projects established under this subtitle;
(2) inform consumers, the private sector, and financial institutions about these programs and actively seek their participation;
(3) develop and disseminate descriptions of its programs of financial assistance for energy projects; and
(4) serve as a clearinghouse for information on federal and State programs of financial assistance for energy projects.