Md. Code Ann., Econ. Dev. § 5-440
Waiver of insurance premiums
Effective Jul 1, 2019Added by Acts 2008, c. 306, § 2, eff. Oct. 1, 2008. Amended by Acts 2019, c. 82, § 1, eff. July 1, 2019.State of Maryland
- (a) The Authority may not charge a premium for insurance if the Authority determines that, at the time the insurance is approved, the facility or business for which the Authority provides insurance is located in a Tier I county.
- (b) A determination by the Authority under subsection (a) of this section for a facility or business is effective for as long as the financial assistance is in effect.
Added by Acts 2008, c. 306, § 2, eff. Oct. 1, 2008. Amended by Acts 2019, c. 82, § 1, eff. July 1, 2019.