Md. Code Ann., Econ. Dev. § 5-705
Redline — January 1, 2019 → current.View current text →
Current — January 1, 2023
As of January 1, 2019
(a) (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.
(a) (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.
(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.
(3) For purposes of § 5–704(b) of this subtitle, an expansion of an enterprise zone that does not exceed 25% 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) (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.
(b) (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 or merits inclusion in an enterprise zone for a compelling economic reason. (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.
Official source: Maryland General Assembly. Reproduced from public-domain Maryland statutes; confirm against the official source for the current text. Not legal advice.