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Section 5-330 - Matching Funds Required — Maryland Law | CourtGPT
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  4. Economic Development - Division I - Secretary of Commerce and Department of Commerce/
  5. Division I - Secretary of Commerce and Department of Commerce/
  6. Title 5 - Economic Development and Financial Assistance Programs/
  7. Subtitle 3 - Maryland Economic Development Assistance Authority and Fund/
  8. Part V - Grants to Local Economic Development Funds/
  9. Section 5-330 - Matching Funds Required
Maryland Legal Code

Section 5-330 - Matching Funds Required

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(a) Except as provided in subsection (b) of this section, to qualify for a grant from the Fund, a local government shall provide at least an equal and matching grant of money to the local economic development fund. (b) A local government that is, or is located in, a Tier I county may qualify for a grant from the Fund by providing a grant to the local economic development fund in an amount equal to at least 50% of the grant from the Fund.