§ 5-1305. Expansion

West's Annotated Code of MarylandEconomic DevelopmentEffective: October 1, 2008

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 13. Brac Revitalization and Incentive Zones (Refs & Annos)
Effective: October 1, 2008
MD Code, Economic Development, § 5-1305
§ 5-1305. Expansion
Currentness
In general
(a)(1) A political subdivision may apply to the Secretary to expand an existing BRAC Revitalization and Incentive Zone in the same manner as the political subdivision would apply to designate a new BRAC Revitalization and Incentive Zone.
(2) The Secretary may grant an expansion of a BRAC Revitalization and Incentive Zone into an area that meets the requirements of § 5-1303 of this subtitle.
(3) For purposes of § 5-1304(a) of this subtitle, an expansion of a BRAC Revitalization and Incentive Zone that does not exceed 50% of the existing geographic area of the BRAC Revitalization and Incentive Zone does not count towards the limit on the number of BRAC Revitalization and Incentive Zones that:
(i) the Secretary may designate in a calendar year; or
(ii) a county may receive.
Extraordinary expansion
(b)(1) The Secretary may grant an extraordinary expansion of a BRAC Revitalization and Incentive Zone in the State each calendar year for an area that:
(i) meets the requirements of § 5-1303 of this subtitle; and
(ii) in the determination of the Secretary, is of strategic importance to the economic development interests of the county in which the BRAC Revitalization and Incentive Zone is located.
(2) For purposes of § 5-1304(a) of this subtitle, an extraordinary expansion of a BRAC Revitalization and Incentive Zone does not count towards the limit on the number of BRAC Revitalization and Incentive Zones that:
(i) the Secretary may designate in a calendar year; or
(ii) a county may receive.
(3) The Secretary may not grant more than two extraordinary expansions in the State during a single calendar year.

Credits

Added as Economic Development § 5-1205 by Acts 2008, c. 338, § 1, eff. Oct. 1, 2008. Renumbered as Economic Development § 5-1305 and amended by Acts 2008, c. 36, § 6, eff. April 8, 2008.
MD Code, Economic Development, § 5-1305, MD ECON DEV § 5-1305
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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