§ 10-802. Legislative findings; purposes; intent
West's Annotated Code of MarylandEconomic DevelopmentEffective: January 5, 2022
West's Annotated Code of Maryland
Economic Development (Refs & Annos)
Division II. Independent and Regional Development Units and Resources [Titles 9-End] (Refs & Annos)
Title 10. Statewide Development Resources and Revenue Authorities (Refs & Annos)
Subtitle 8. Maryland Clean Energy Center (Refs & Annos)
Part I. General Provisions (Refs & Annos)
Effective: January 5, 2022
MD Code, Economic Development, § 10-802
§ 10-802. Legislative findings; purposes; intent
(a) The General Assembly finds that:
(1) the United States as a whole, and the State in particular, are facing increased energy costs based on many factors, including rising fuel costs, limited investment in generation and transmission facilities, and a complex combination of market-based and other regulatory mechanisms that balance environmental, economic, health, and welfare interests;
(3) “advanced clean energy”, a broad term that includes a wide and varied mixture of strategies and techniques to produce useful energy from renewable and sustainable sources in a manner that minimizes fossil fuel use and harmful emissions, and to increase the efficient use of energy derived from all sources, offers many different opportunities for residents of the State to succeed in entrepreneurial and other commercial activity, to the overall economic and environmental benefit of the entire State, as measured in improved air and water quality, moderated energy expenditures, and increased State and local tax receipts;
(5) the State will benefit from a targeted effort to establish and incubate advanced clean energy industries and clean energy innovation industries in the State, including financial assistance, information sharing, and technical support for entrepreneurs in the manufacture and installation of advanced clean energy technology and clean energy innovations; and
(6) it is in the public interest to establish a public corporation to undertake the tasks of promoting advanced clean energy industries and clean energy innovation industries in the State, developing incubators for those industries, providing financial assistance, and also providing information sharing and technical assistance.
(b) The purposes of this subtitle are to:
(c) The General Assembly intends that:
(2) without limiting its authority to otherwise exercise its corporate powers, the Center exercise its corporate powers to assist governmental units and State and local economic development agencies to contribute to the expansion, modernization, and retention of existing enterprises in the State as well as the attraction of new business to the State;
Credits
Added by Acts 2008, c. 137, § 1, eff. Oct. 1, 2008. Amended by Acts 2021, 1st Sp. Sess., c. 13, § 2, eff. Jan. 5, 2022; Acts 2021, 1st Sp. Sess., c. 24, § 2, eff. Jan. 5, 2022.
MD Code, Economic Development, § 10-802, MD ECON DEV § 10-802
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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