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§ 10-4D-03. Grant and loan program

West's Annotated Code of MarylandEconomic DevelopmentEffective: July 1, 2023

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 4d. Human-Relevant Research Fund and Program (Refs & Annos)
Effective: July 1, 2023
MD Code, Economic Development, § 10-4D-03
§ 10-4D-03. Grant and loan program
Currentness
In general
(a) Subject to the provisions of this subtitle, the Corporation shall establish a grant and loan program to provide grants and loans for State-funded, human-relevant animal testing alternatives research.
Memoranda of understanding
(b) A grant or loan awarded under this subtitle is contingent on the recipient entering into a memorandum of understanding with the Corporation that:
(1) establishes the scope of the State's ownership or other financial interest in the commercialization and other benefits of the results, products, inventions, and discoveries resulting from State-funded, human-relevant research; and
(2) to the extent consistent with federal and State law, reflects the intellectual property policies of the Corporation.
Disbursements
(c) The Corporation may not disburse grant or loan money to a recipient until the recipient meets the requirements of subsection (b) of this section.

Credits

Added by Acts 2023, c. 447, § 1, eff. July 1, 2023; Acts 2023, c. 448, § 1, eff. July 1, 2023.
MD Code, Economic Development, § 10-4D-03, MD ECON DEV § 10-4D-03
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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