Maryland § 5-322
Full text of Maryland Maryland Code § 5-322, with citation guidance and answers to common questions.
§ 5-322.
(a) Financial assistance from the Fund may be used only to finance costs incurred for:
(1) construction or acquisition of a building or real property, and associated development and carrying costs;
(2) construction, acquisition, or installation of equipment, furnishings, fixtures, leasehold improvements, site improvements, or infrastructure improvements, including rail line enhancements on or to the site of an economic development project, and associated development and carrying costs;
(3) working capital for significant strategic economic development opportunities, arts and entertainment enterprises, or arts and entertainment projects;
(4) redevelopment of qualified brownfields sites;
(5) subject to § 5-325(b)(3) of this subtitle, construction, purchase, or renovation of real property, fixtures, or equipment related to a child care facility;
(6) if supported by a resolution adopted by the governing body of the jurisdiction in which a project may be located, feasibility studies;
(7) subject to § 5-325(b)(4) of this subtitle, preparation of a county’s or municipal corporation’s strategy or plan for economic development; and
(8) a project intended to assist businesses in areas that are declared to be federal disaster areas, but only if the Department receives an application for financial assistance within 1 year after the declaration of the federal disaster area.
(b) Financial assistance from the Fund may not be used to refinance existing debt.
Frequently Asked Questions About Maryland § 5-322
What does Maryland Code § 5-322 cover?
Section 5-322 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 5-322?
A common citation format is "Maryland Code § 5-322" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 5-322 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.