Current with changes from the 2024 Legislative Session
Section 5-330 - Matching funds required(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.Amended by 2019 Md. Laws, Ch. 82,Sec. 1, eff. 7/1/2019.