§ 5-1204. Maryland Nonprofit Development Center Program Fund; Nonprofit, Interest-Free, Micro B...
West's Annotated Code of MarylandEconomic DevelopmentEffective: July 1, 2023
West's Annotated Code of Maryland
Economic Development (Refs & Annos)
Division I. Secretary of Commerce and Department of Commerce [Titles 1-8] (Refs & Annos)
Title 5. Economic Development and Financial Assistance Programs (Refs & Annos)
Subtitle 12. Maryland Nonprofit Development Center Program (Refs & Annos)
Effective: July 1, 2023
MD Code, Economic Development, § 5-1204
§ 5-1204. Maryland Nonprofit Development Center Program Fund; Nonprofit, Interest-Free, Micro Bridge Load (NIMBLA) Account
(a)(1)(i) There is a Maryland Nonprofit Development Center Program Fund in the Department.
(b)(1) The purpose of the Fund is to provide grant money and bridge loans to support the operations of the Program consistent with this subtitle.
(c)(1) For fiscal year 2024, the Governor shall include in the annual budget bill an appropriation of $1,000,000 to the Fund to be used for loans under the NIMBL Account.
Credits
Added by Acts 2008, c. 313, § 1, eff. Oct. 1, 2008. Amended by Acts 2014, c. 464, § 1, eff. June 1, 2014; Acts 2017, c. 629, § 1, eff. June 1, 2017; Acts 2017, c. 631, § 1, eff. Oct. 1, 2017; Acts 2018, c. 12, § 6; Acts 2023, c. 475, § 1, eff. July 1, 2023.
MD Code, Economic Development, § 5-1204, MD ECON DEV § 5-1204
Current through legislation effective through April 25, 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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