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Md. Code Ann., Econ. Dev. § 5-427

Known as the Maryland Industrial Development Financing Authority Act

The act spans §§ 5-401 to 5-466 (53 sections).

(a) 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) The Board of Public Works may disburse the requested amount from the General Emergency Fund.

Official source: Maryland General Assembly. Reproduced from public-domain Maryland statutes; confirm against the official source for the current text. Not legal advice.