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Section 5-705 - Enterprise Zones -- Expansion — Maryland Law | CourtGPT
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  6. Title 5 - Economic Development and Financial Assistance Programs/
  7. Subtitle 7 - Enterprise Zones/
  8. Section 5-705 - Enterprise Zones -- Expansion
Maryland Legal Code
(a) (1) A political subdivision may apply to the Secretary to expand an existing enterprise zone in the same manner as the political subdivision would apply to designate a new enterprise zone. (2) The Secretary may grant an expansion of an enterprise zone into an area that meets the requirements of § 5–704 of this subtitle. (3) For purposes of § 5–704(b) of this subtitle, an expansion of an enterprise zone that does not exceed 25% of the existing geographic area of the enterprise zone does not count towards the limit on the number of enterprise zones that: (i) the Secretary may designate in a calendar year; or (ii) a county may receive in a calendar year. (b) (1) The Secretary may grant one extraordinary expansion of an enterprise zone in the State each calendar year for an area that: (i) meets the requirements of § 5–704 of this subtitle; and (ii) in the determination of the Secretary, has suffered a significant loss of economic base or merits inclusion in an enterprise zone for a compelling economic reason. (2) For purposes of § 5–704(b) of this subtitle, an extraordinary expansion of an enterprise zone does not count towards the limit on the number of enterprise zones that: (i)

pelling economic reason. (2) For purposes of § 5–704(b) of this subtitle, an extraordinary expansion of an enterprise zone does not count towards the limit on the number of enterprise zones that: (i) the Secretary may designate in a calendar year; or (ii) a county may receive in a calendar year.

Section 5-705 - Enterprise Zones -- Expansion

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