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§ 10-4c-04 — Maryland Law | CourtGPT
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  3. Maryland/
  4. Economic Development - Division I - Secretary of Commerce and Department of Commerce/
  5. Division II - Independent and Regional Development Units and Resources/
  6. Title 10 - Statewide Development Resources and Revenue Authorities/
  7. Subtitle 4c - Maryland Makerspace Initiative Program. [Subtitle Subject to Abrogation]/
  8. § 10-4c-04
Maryland Legal Code
// EFFECTIVE UNTIL SEPTEMBER 30, 2028 PER CHAPTER 322 OF 2022 // (a) The Corporation shall adopt standards to award financial assistance under this subtitle. (b) The Corporation may award financial assistance to: (1) a local government; (2) an agency, an instrumentality, or a nonprofit corporation that the local government designates; or (3) a nonprofit entity operating or seeking to operate a makerspace in the State. (c) To the extent practicable, the Corporation shall award financial assistance in a manner that reflects geographic diversity. (d) A recipient of financial assistance under this section: (1) shall provide matching funds or in–kind contributions for the project at least equal to the amount of financial assistance awarded; and (2) may not utilize the financial assistance awarded for the operating costs of the makerspace after the first 3 years of operation. (e) Unless two–thirds of the membership of the Board approves, the Corporation may not award financial assistance within a single county under this section that exceeds a total of $250,000 in a single fiscal year.

§ 10-4c-04

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