Md. Code Regs. 24.05.14.10

Current through Register Vol. 51, No. 24, December 2, 2024

Section 24.05.14.10 - Applications for Assignment of Offset Credits

To apply for assignment of offset credits under the Program, an applicant shall submit to the Director an application containing the following information:

A. The name, address, and telephone number of the applicant and the name and title of the applicant's authorized representative for the application process;

B. Whether the applicant is seeking the offset credits to carry out an existing foreign contract as either a prime contractor or subcontractor or intends to bid on a foreign contract;

C. If the applicant is or intends to be a subcontractor, the name, address, and telephone number of the prime contractor, and the name of a contact person for the prime contractor;

D. The name of the foreign country to which the applicant intends to export its goods or services and the name, address, and telephone number of the purchaser in that country, and of the contact person for offset approval authority;

E. The date that the applicant entered into or anticipates entering into the foreign contract;

F. The estimated total value of the foreign contract during the term of the foreign contract;

G. The amount of the offset credits requested by the applicant;

H. The estimated number of jobs to be created or retained in the State as a result of the performance of the foreign contract during the term of the foreign contract, and the estimated value of the salaries and wages to be expended in the State;

I. The estimated value of the capital investment in the State to be generated by the foreign contract;

J. The estimated value of contracts to be awarded to subcontractors in the State, and to suppliers of goods and services in the State, resulting from the foreign contract;

K. Any cash payment the applicant will make to the State in consideration of assignment of the offset credits;

L. Any other activities of benefit to the State and its citizens that the applicant will carry out if assigned offset credits; and

M. Whether the applicant considers any of the information provided in the application to be confidential commercial or confidential financial information, pursuant to State Government Article, § 10-617, Annotated Code of Maryland.

Md. Code Regs. 24.05.14.10