Md. Code Ann., State Fin. & Proc. § 14-708
Certified Local Farm and Fish Food Aggregation Grant Fund
Effective Jul 1, 2023Added by Acts 2021, c. 2, § 1, eff. March 13, 2021; Acts 2021, c. 32, § 1, eff. March 14, 2021. Amended by Acts 2023, c. 575, § 1, eff. July 1, 2023; Acts 2023, c. 576, § 1, eff. July 1, 2023.State of Maryland
- (a) There is a Certified Local Farm and Fish Food Aggregation Grant Fund.
- (b) The purpose of the Fund is to support the creation of food aggregation, storage, processing, and distribution sites across the State through grants and near-equity investments.
- (c) The Maryland Agricultural and Resource-Based Industry Development Corporation shall administer the Fund.
(d) The Fund consists of:
- (1) money appropriated in the State budget to the Fund;
- (2) principal that is repaid from near-equity investments; and
- (3) any other money from any other source accepted for the benefit of the Fund.
- (e) The Fund may be used only for establishing and operating food aggregation, storage, processing, and distribution sites across the State through grants and near-equity investments.
Added by Acts 2021, c. 2, § 1, eff. March 13, 2021; Acts 2021, c. 32, § 1, eff. March 14, 2021. Amended by Acts 2023, c. 575, § 1, eff. July 1, 2023; Acts 2023, c. 576, § 1, eff. July 1, 2023.