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§ 5-521. Department of Economic Competitiveness and Commerce

West's Annotated Code of MarylandCourts and Judicial ProceedingsEffective: October 1, 2015

West's Annotated Code of Maryland
Courts and Judicial Proceedings
Title 5. Limitations, Prohibited Actions, and Immunities (Refs & Annos)
Subtitle 5. Immunities and Prohibited Actions--Governmental (Refs & Annos)
Effective: October 1, 2015
MD Code, Courts and Judicial Proceedings, § 5-521
§ 5-521. Department of Economic Competitiveness and Commerce
Definitions
(a)(1) In this section the following words have the meanings indicated.
(2) “Department” means the Department of Economic Competitiveness and Commerce.
(3) “Eligible business” has the meaning stated in § 5-451 of the Economic Development Article.
(4) “Lender” has the meaning stated in § 5-451 of the Economic Development Article.
Payment of principal or interest on loans
(b) The Department and the State are not liable to any lender for payment of the principal or interest on a loan to an eligible business in accordance with § 5-451 of the Economic Development Article.

Credits

Added as Courts and Judicial Proceedings § 5-366 by Acts 1990, c. 546, § 3. Amended by Acts 1995, c. 120, § 19, eff. July 1, 1995. Renumbered as Courts and Judicial Proceedings § 5-521 by Acts 1997, c. 14, § 9, eff. April 8, 1997. Amended by Acts 2003, c. 21, § 1, eff. April 8, 2003; Acts 2004, c. 25, § 1, eff. April 13, 2004; Acts 2008, c. 307, § 1, eff. Oct. 1, 2008; Acts 2015, c. 22, § 5.
MD Code, Courts and Judicial Proceedings, § 5-521, MD CTS & JUD PRO § 5-521
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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