Md. Code Ann., Econ. Dev. § 5-437
Authorized purpose obligation not exceeding $250,000
Effective Oct 1, 2008Added by Acts 2008, c. 306, § 2, eff. Oct. 1, 2008. Amended by Acts 2008, c. 307, § 1, eff. Oct. 1, 2008.State of Maryland
- (a) The Authority may authorize the Executive Director of the Authority to approve, on behalf of the Authority, financial assistance under § 5-431 of this subtitle not exceeding the aggregate amount of $250,000 for a single transaction.
(b) An approval by the Executive Director under this section:
- (1) is subject to concurrence of the Secretary, the Secretary's designee, or the chair of the Authority;
- (2) shall comply with the requirements of this subtitle; and
- (3) is binding on the Authority.
Added by Acts 2008, c. 306, § 2, eff. Oct. 1, 2008. Amended by Acts 2008, c. 307, § 1, eff. Oct. 1, 2008.