§ 6-710. National Capital Strategic Economic Development Fund
West's Annotated Code of MarylandHousing and Community DevelopmentEffective: July 1, 2023
West's Annotated Code of Maryland
Housing and Community Development (Refs & Annos)
Division I. Housing and Community Programs [Titles 1-11] (Refs & Annos)
Title 6. Division of Neighborhood Revitalization (Refs & Annos)
Subtitle 7. National Capital Strategic Economic Development Program (Refs & Annos)
Effective: July 1, 2023
MD Code, Housing & Community Development, § 6-710
Formerly cited as MD HOUS & CMTY DEV § 4-510
§ 6-710. National Capital Strategic Economic Development Fund
(a) In this section, “Fund” means the National Capital Strategic Economic Development Fund.
(e)(1) The Fund is a special, nonlapsing fund that is not subject to § 7-302 of the State Finance and Procurement Article.
(f) The Fund consists of:
(g) Subject to subsection (k) of this section, the Fund may be used only for providing financial assistance under the Program.
(h)(1) The State Treasurer shall invest the money of the Fund in the same manner as other State money may be invested.
(j)(1) For fiscal year 2021 and each fiscal year thereafter, the Governor shall include in the annual operating budget an appropriation for the Fund in the amount of $200,000.
(k) The Fund may be used only for community enhancement projects in sustainable communities located:
Credits
Added as Housing and Community Development § 4-510 by Acts 2017, c. 523, § 1, eff. July 1, 2017. Renumbered as Housing and Community Development § 6-710 by Acts 2019, c. 732, § 1, eff. Oct. 1, 2019. Amended by Acts 2019, c. 732, § 2, eff. Oct. 1, 2019; Acts 2021, c. 707, § 1, eff. July 1, 2021; Acts 2023, c. 494, § 1, eff. July 1, 2023.
MD Code, Housing & Community Development, § 6-710, MD HOUS & CMTY DEV § 6-710
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.
End of Document |