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2018 Regular Session



Department of Commerce - Maryland Economic Development Assistance Authority and Fund - Renaming and Revising

Sponsored by:

Chair, Finance Committee


In the House - Unfavorable Report by Economic Matters

Synopsis:Renaming the Maryland Economic Development Assistance Authority and the Maryland Economic Development Assistance Fund to be the Advantage Maryland Fund Authority and the Advantage Maryland Fund; expanding the information required as part of a report on the economic benefits of financial assistance provided under law to include the number, type, use, amount, and terms of the financial assistance provided; providing that financial assistance from the fund used to finance costs incurred for working capital may not exceed $3,000,000; etc.
Analysis:Fiscal and Policy Note (Revised)
All Sponsors:Chair, Finance Committee (By Request - Departmental - Commerce)
Additional Facts:Bill File Type: Pre-Filed
Effective Date(s): July 1, 2018
By Request of the Governor
Finance  View Committee HearingEconomic Matters  View Committee Hearing
Broad Subject(s):Economic and Community Development
Narrow Subject(s):Commerce and Business -see also- Dealers; Elec. Comm.; etc.
Commerce, Department of
Corrective Legislation
Financial Institutions -see also- Banks; Credit Unions; etc.
Loans -see also- Mortgages
Statutes:Article - Economic Development
(10-104, 11-302, 5-102, 5-301, 5-305, 5-310, 5-313, 5-315, 5-316, 5-322, 5-324, 5-325, 5-401, 5-408)
Article - State Finance and Procurement

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Explanation of Floor Motions and Actions

March 22, 2018 9:15 A.M.