Md. Code, Economic Development § 5-570

Md. Code, Economic Development § 5-570
in effect
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(a) The Authority may only approve a guaranty or a bond under this part if the Authority determines that the contract, for which a bond is sought to be guaranteed or issued, will have a substantial economic impact. (b) To determine the economic impact of a contract, the Authority may consider: (1) the amount of the guaranty obligation; (2) the terms of the bond to be guaranteed; (3) the number of new jobs that the contract to be bonded will create; and (4) any other factor that the Authority considers relevant.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gec&section=5-570&enactments=falseFetched: 10/16/2026