1 | 1 | | |
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2 | 2 | | |
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3 | 3 | | EXPLANATION: CAPITALS INDICATE MAT TER ADDED TO EXISTIN G LAW. |
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4 | 4 | | [Brackets] indicate matter deleted from existing law. |
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5 | 5 | | *hb1094* |
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6 | 6 | | |
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7 | 7 | | HOUSE BILL 1094 |
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8 | 8 | | C8 2lr2243 |
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9 | 9 | | HB 892/21 – W&M CF SB 846 |
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10 | 10 | | By: Delegate Buckel |
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11 | 11 | | Introduced and read first time: February 10, 2022 |
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12 | 12 | | Assigned to: Ways and Means |
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13 | 13 | | |
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14 | 14 | | A BILL ENTITLED |
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15 | 15 | | |
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16 | 16 | | AN ACT concerning 1 |
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17 | 17 | | |
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18 | 18 | | Economic Development – Maryland Technology Infrastructure Pilot 2 |
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19 | 19 | | Program – Establishment 3 |
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20 | 20 | | |
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21 | 21 | | FOR the purpose of establishing the Maryland Technology Infrastructure Pilot Program in 4 |
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22 | 22 | | the Maryland Technology Development Corporation; establishing the Maryland 5 |
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23 | 23 | | Technology Infrastructure Authority; establishing the Maryland Technology 6 |
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24 | 24 | | Infrastructure Fund as a special, nonlapsing fund; and generally relating to the 7 |
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25 | 25 | | Maryland Technology Infrastructure Pilot Program and the Maryland Technology 8 |
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26 | 26 | | Development Corporation. 9 |
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27 | 27 | | |
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28 | 28 | | BY adding to 10 |
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29 | 29 | | Article – Economic Development 11 |
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30 | 30 | | Section 10–4C–01 through 10–4C–10 to be under the new subtitle “Subtitle 4C. 12 |
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31 | 31 | | Maryland Technology Infrastructure Pilot Program” 13 |
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32 | 32 | | Annotated Code of Maryland 14 |
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33 | 33 | | (2018 Replacement Volume and 2021 Supplement) 15 |
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34 | 34 | | |
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35 | 35 | | BY repealing and reenacting, without amendments, 16 |
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36 | 36 | | Article – State Finance and Procurement 17 |
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37 | 37 | | Section 6–226(a)(2)(i) 18 |
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38 | 38 | | Annotated Code of Maryland 19 |
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39 | 39 | | (2021 Replacement Volume) 20 |
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40 | 40 | | |
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41 | 41 | | BY repealing and reenacting, with amendments, 21 |
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42 | 42 | | Article – State Finance and Procurement 22 |
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43 | 43 | | Section 6–226(a)(2)(ii)144. and 145. 23 |
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44 | 44 | | Annotated Code of Maryland 24 |
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45 | 45 | | (2021 Replacement Volume) 25 |
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46 | 46 | | |
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47 | 47 | | BY adding to 26 |
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48 | 48 | | Article – State Finance and Procurement 27 2 HOUSE BILL 1094 |
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49 | 49 | | |
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50 | 50 | | |
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51 | 51 | | Section 6–226(a)(2)(ii)146. 1 |
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52 | 52 | | Annotated Code of Maryland 2 |
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53 | 53 | | (2021 Replacement Volume) 3 |
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54 | 54 | | |
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55 | 55 | | SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 4 |
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56 | 56 | | That the Laws of Maryland read as follows: 5 |
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57 | 57 | | |
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58 | 58 | | Article – Economic Development 6 |
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59 | 59 | | |
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60 | 60 | | SUBTITLE 4C. MARYLAND TECHNOLOGY INFRASTRUCTURE PILOT PROGRAM. 7 |
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61 | 61 | | |
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62 | 62 | | 10–4C–01. 8 |
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63 | 63 | | |
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64 | 64 | | (A) IN THIS SUBTITLE THE FOLLOWING WORDS HAVE THE MEANINGS 9 |
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65 | 65 | | INDICATED. 10 |
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66 | 66 | | |
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67 | 67 | | (B) “AUTHORITY” MEANS THE MARYLAND TECHNOLOGY 11 |
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68 | 68 | | INFRASTRUCTURE AUTHORITY. 12 |
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69 | 69 | | |
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70 | 70 | | (C) “CORPORATION ” MEANS THE MARYLAND TECHNOLOGY 13 |
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71 | 71 | | DEVELOPMENT CORPORATION . 14 |
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72 | 72 | | |
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73 | 73 | | (D) “FINANCIAL ASSISTANCE” MEANS A GRANT , A LOAN, A CREDIT 15 |
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74 | 74 | | ENHANCEMENT , AN INVESTMENT , OR ANY SIMILAR ASSISTANCE . 16 |
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75 | 75 | | |
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76 | 76 | | (E) “FUND” MEANS THE MARYLAND TECHNOLOGY INFRASTRUCTURE 17 |
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77 | 77 | | FUND. 18 |
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78 | 78 | | |
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79 | 79 | | (F) “PROGRAM” MEANS THE MARYLAND TECHNOLOGY INFRASTRUCTURE 19 |
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80 | 80 | | PILOT PROGRAM. 20 |
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81 | 81 | | |
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82 | 82 | | (G) “PROJECT” MEANS A LARGE –SCALE, TRANSFORMATIVE 21 |
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83 | 83 | | INFRASTRUCTURE INITI ATIVE INTENDED TO PR OMOTE THE DEVELOPMEN T AND 22 |
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84 | 84 | | GROWTH OF INNOVATION –BASED BUSINESS IN WESTERN MARYLAND. 23 |
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85 | 85 | | |
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86 | 86 | | (H) “WESTERN MARYLAND” MEANS ALLEGANY, GARRETT, AND 24 |
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87 | 87 | | WASHINGTON COUNTIES . 25 |
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88 | 88 | | |
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89 | 89 | | 10–4C–02. 26 |
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90 | 90 | | |
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91 | 91 | | (A) THERE IS A MARYLAND TECHNOLOGY INFRASTRUCTURE PILOT 27 |
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92 | 92 | | PROGRAM IN THE CORPORATION . 28 |
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93 | 93 | | |
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94 | 94 | | (B) THE PURPOSE OF THE PROGRAM IS TO: 29 |
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95 | 95 | | HOUSE BILL 1094 3 |
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96 | 96 | | |
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97 | 97 | | |
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98 | 98 | | (1) ESTABLISH A PROGRAM IN WESTERN MARYLAND TO SUPPORT 1 |
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99 | 99 | | THE INNOVATION ECONO MY BY INCENTIVIZING THE DEVELOPMENT OF A DVANCED 2 |
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100 | 100 | | INDUSTRY INFRASTRUCTURE AND R ESOURCES THAT BUILD ON THE EXISTING 3 |
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101 | 101 | | STRENGTHS OF THE REG ION’S ECONOMY; 4 |
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102 | 102 | | |
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103 | 103 | | (2) SUPPORT THE GROWTH O F AND INCENTIVIZE TH E ATTRACTION 5 |
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104 | 104 | | AND RETENTION OF EAR LY–STAGE, INNOVATION–BASED BUSINESS IN WESTERN 6 |
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105 | 105 | | MARYLAND THROUGH THE CREATION OF SUPPO RTING INFRASTRUCTURE AND 7 |
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106 | 106 | | RESOURCES; 8 |
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107 | 107 | | |
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108 | 108 | | (3) MANAGE A MARYLAND TECHNOLOGY INFRASTRUCTURE FUND 9 |
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109 | 109 | | FOR FINANCIAL ASSIST ANCE IN PROJECTS TO SUPPORT THE PROGRAM; AND 10 |
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110 | 110 | | |
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111 | 111 | | (4) EVALUATE THE EFFICAC Y OF THE PROGRAM FOR FUTURE 11 |
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112 | 112 | | EXPANSION TO OTHER P ARTS OF THE STATE. 12 |
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113 | 113 | | |
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114 | 114 | | 10–4C–03. 13 |
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115 | 115 | | |
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116 | 116 | | (A) THERE IS A MARYLAND TECHNOLOGY INFRASTRUCTURE AUTHORITY 14 |
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117 | 117 | | IN THE CORPORATION . 15 |
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118 | 118 | | |
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119 | 119 | | (B) THE CORPORATION SHALL PRO VIDE STAFF TO THE AUTHORITY AND 16 |
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120 | 120 | | MAY EMPLOY OR CONTRA CT WITH EXPERTS TO A SSIST WITH THE ADMIN ISTRATION 17 |
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121 | 121 | | AND MANAGEMENT OF TH E PROGRAM. 18 |
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122 | 122 | | |
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123 | 123 | | 10–4C–04. 19 |
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124 | 124 | | |
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125 | 125 | | (A) THE AUTHORITY CONSISTS OF THE FOLLOWING MEMBER S: 20 |
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126 | 126 | | |
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127 | 127 | | (1) THREE MEMBERS APPOINTED BY THE GOVERNOR: 21 |
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128 | 128 | | |
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129 | 129 | | (I) TWO OF WHOM ARE ENTREPRENEURS OR BUS INESS 22 |
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130 | 130 | | OWNERS IN WESTERN MARYLAND; AND 23 |
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131 | 131 | | |
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132 | 132 | | (II) ONE OF WHOM HAS EXPE RIENCE IN VENTURE CA PITAL OR 24 |
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133 | 133 | | ECONOMIC DEVELOPMENT ; 25 |
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134 | 134 | | |
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135 | 135 | | (2) THE PRESIDENT OF FROSTBURG STATE UNIVERSITY, OR THE 26 |
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136 | 136 | | PRESIDENT’S DESIGNEE; 27 |
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137 | 137 | | |
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138 | 138 | | (3) THE PRESIDENT OF A C OMMUNITY COLLEGE LOC ATED IN 28 |
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139 | 139 | | WESTERN MARYLAND, OR THE PRESIDENT ’S DESIGNEE, APPOINTED BY THE 29 |
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140 | 140 | | MARYLAND ASSOCIATION OF COMMUNITY COLLEGES; AND 30 |
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141 | 141 | | 4 HOUSE BILL 1094 |
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142 | 142 | | |
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143 | 143 | | |
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144 | 144 | | (4) THE EXECUTIVE DIRECTOR OF THE CORPORATION , OR THE 1 |
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145 | 145 | | EXECUTIVE DIRECTOR’S DESIGNEE. 2 |
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146 | 146 | | |
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147 | 147 | | (B) EACH MEMBER SHALL BE A RESIDENT OF THE STATE. 3 |
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148 | 148 | | |
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149 | 149 | | 10–4C–05. 4 |
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150 | 150 | | |
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151 | 151 | | (A) (1) THREE MEMBERS OF THE AUTHORITY ARE A QUORU M. 5 |
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152 | 152 | | |
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153 | 153 | | (2) AN ACT OF THE AUTHORITY MUST BE APPROVED BY A MAJ ORITY 6 |
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154 | 154 | | VOTE OF THE MEMBERS ATTENDING A MEETING AT WHICH A QUORUM IS PRESENT. 7 |
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155 | 155 | | |
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156 | 156 | | (B) A MEMBER OF THE AUTHORITY: 8 |
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157 | 157 | | |
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158 | 158 | | (1) MAY NOT RECEIVE COMP ENSATION AS A MEMBER OF THE 9 |
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159 | 159 | | AUTHORITY; BUT 10 |
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160 | 160 | | |
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161 | 161 | | (2) IS ENTITLED TO REIMB URSEMENT FOR EXPENSE S UNDER TH E 11 |
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162 | 162 | | STANDARD STATE TRAVEL REGULATIONS, AS PROVIDED IN THE STATE BUDGET . 12 |
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163 | 163 | | |
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164 | 164 | | (C) A MEMBER OF THE AUTHORITY SHALL FILE AN ANNUAL PUBLIC 13 |
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165 | 165 | | DISCLOSURE OF FINANC IAL INTERESTS AS REQ UIRED UNDER THE MARYLAND 14 |
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166 | 166 | | PUBLIC ETHICS LAW. 15 |
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167 | 167 | | |
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168 | 168 | | (D) EACH MEMBER OF THE AUTHORITY SHALL D ISCLOSE TO THE STATE 16 |
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169 | 169 | | ETHICS COMMISSION WHETHER TH E MEMBER IS EMPLOYED BY OR HAS A FINANCIA L 17 |
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170 | 170 | | INTEREST IN AN ENTIT Y THAT MAY APPLY FOR FUNDING FROM THE FUND. 18 |
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171 | 171 | | |
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172 | 172 | | 10–4C–06. 19 |
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173 | 173 | | |
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174 | 174 | | THE AUTHORITY SHALL PROVI DE ADVICE TO AND CON SULT WITH THE 20 |
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175 | 175 | | CORPORATION IN CONNEC TION WITH THE ADMINISTRATIO N OF THE PROGRAM 21 |
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176 | 176 | | UNDER THIS SUBTITLE . 22 |
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177 | 177 | | |
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178 | 178 | | 10–4C–07. 23 |
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179 | 179 | | |
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180 | 180 | | (A) THERE IS A MARYLAND TECHNOLOGY INFRASTRUCTURE FUND IN THE 24 |
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181 | 181 | | CORPORATION . 25 |
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182 | 182 | | |
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183 | 183 | | (B) (1) THE FUND IS A SPECIAL , NONLAPSING FUND THAT IS NOT 26 |
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184 | 184 | | SUBJECT TO REVERSION UNDER § 7–302 OF THE STATE FINANCE AND 27 |
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185 | 185 | | PROCUREMENT ARTICLE. 28 |
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186 | 186 | | |
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187 | 187 | | (2) THE STATE TREASURER SHALL HOLD THE FUND SEPARATELY , 29 HOUSE BILL 1094 5 |
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188 | 188 | | |
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189 | 189 | | |
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190 | 190 | | AND THE COMPTROLLER SHALL ACC OUNT FOR THE FUND. 1 |
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191 | 191 | | |
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192 | 192 | | (C) THE FUND CONSISTS OF : 2 |
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193 | 193 | | |
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194 | 194 | | (1) APPROPRIATIONS AS PR OVIDED IN THE STATE BUDGET ; 3 |
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195 | 195 | | |
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196 | 196 | | (2) ANY INTEREST EARNING S OF THE FUND; AND 4 |
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197 | 197 | | |
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198 | 198 | | (3) ANY OTHER MONEY FROM ANY OTHER SOURCE ACC EPTED FOR 5 |
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199 | 199 | | THE BENEFIT OF THE PROGRAM. 6 |
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200 | 200 | | |
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201 | 201 | | (D) THE EXECUTIVE DIRECTOR OF THE CORPORATION , OR THE EXECUTIVE 7 |
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202 | 202 | | DIRECTOR’S DESIGNEE, SHALL ADMINISTER THE FUND IN ACCORDANCE WI TH THIS 8 |
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203 | 203 | | SUBTITLE AND ANY OTH ER APPLICABLE LAW . 9 |
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204 | 204 | | |
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205 | 205 | | (E) THE FUND SHALL BE USED TO COVER THE COSTS OF T HE PROGRAM, 10 |
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206 | 206 | | INCLUDING: 11 |
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207 | 207 | | |
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208 | 208 | | (1) ANY ADMINISTRATIVE C OSTS; AND 12 |
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209 | 209 | | |
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210 | 210 | | (2) ANY FINANCIAL ASSIST ANCE THAT IS AWARDED TO ELIGIBLE 13 |
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211 | 211 | | RECIPIENTS. 14 |
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212 | 212 | | |
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213 | 213 | | (F) (1) THE STATE TREASURER SHALL INVES T THE MONEY OF THE FUND 15 |
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214 | 214 | | IN THE SAME MANNER A S OTHER STATE MONEY MAY BE IN VESTED. 16 |
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215 | 215 | | |
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216 | 216 | | (2) ANY INVESTMENT EARNIN GS OF THE FUND SHALL BE CREDITE D 17 |
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217 | 217 | | TO THE FUND. 18 |
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218 | 218 | | |
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219 | 219 | | (G) THE ACCOUNT AND TRANS ACTIONS OF THE FUND ARE SUBJECT TO 19 |
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220 | 220 | | AUDIT BY THE OFFICE OF LEGISLATIVE AUDITS AS PROVIDED IN § 2–1220 OF THE 20 |
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221 | 221 | | STATE GOVERNMENT ARTICLE. 21 |
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222 | 222 | | |
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223 | 223 | | 10–4C–08. 22 |
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224 | 224 | | |
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225 | 225 | | (A) WITHIN THE PROGRAM, SUBJECT TO AVAILABLE FUNDING, AND ON THE 23 |
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226 | 226 | | RECOMMENDATION OF TH E AUTHORITY, THE CORPORATION SHALL AWA RD 24 |
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227 | 227 | | FINANCIAL ASSISTANCE FROM THE FUND TO PUBLIC OR PRI VATE ENTITIES IN THE 25 |
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228 | 228 | | STATE, INCLUDING INSTITUTIO NS OF HIGHER EDUCATI ON, TO: 26 |
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229 | 229 | | |
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230 | 230 | | (1) SUPPORT LARGE –SCALE INFRASTRUCTURE OR RESOURCE 27 |
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231 | 231 | | PROJECTS IN WESTERN MARYLAND TO ATTRACT T ALENT, FOSTER 28 |
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232 | 232 | | COLLABORATION , AND ENABLE CONCENTRA TION AND GROWTH OF A DVANCED 29 |
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233 | 233 | | INDUSTRIES; 30 6 HOUSE BILL 1094 |
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234 | 234 | | |
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235 | 235 | | |
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236 | 236 | | |
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237 | 237 | | (2) FOSTER PUBLIC –PRIVATE COLLABORATIO NS TO ENCOURAGE 1 |
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238 | 238 | | DEVELOPMENT OF SHARE D INFRASTRUCTURE AND RESOURCES; AND 2 |
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239 | 239 | | |
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240 | 240 | | (3) SUPPORT TALENT DEVEL OPMENT INITIATIVES T HAT ADDRESS 3 |
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241 | 241 | | CRITICAL SKILL SHORT AGE AREAS IN INDUSTR IES CRITICAL TO GROW TH IN 4 |
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242 | 242 | | WESTERN MARYLAND. 5 |
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243 | 243 | | |
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244 | 244 | | (B) THE FUND MAY NOT CONTRIBU TE MORE THAN : 6 |
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245 | 245 | | |
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246 | 246 | | (1) ONE–THIRD OF THE TOTAL C OST OF THE PROJECT ; OR 7 |
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247 | 247 | | |
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248 | 248 | | (2) $500,000 PER PROJECT. 8 |
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249 | 249 | | |
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250 | 250 | | 10–4C–09. 9 |
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251 | 251 | | |
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252 | 252 | | (A) THE AUTHORITY SHALL ADOPT REGULATIONS TO ESTAB LISH: 10 |
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253 | 253 | | |
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254 | 254 | | (1) A COMPETITIVE APPLIC ATION PROCESS ; AND 11 |
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255 | 255 | | |
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256 | 256 | | (2) CRITERIA AND PROCEDURES FOR AWARD ING FINANCIAL 12 |
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257 | 257 | | ASSISTANCE FROM THE FUND TO ELIGIBLE RECI PIENTS, INCLUDING CRITERIA T HAT 13 |
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258 | 258 | | EXAMINE: 14 |
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259 | 259 | | |
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260 | 260 | | (I) THE PROJECT ’S POTENTIAL IMPACT O N THE LOCAL 15 |
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261 | 261 | | ECONOMY; 16 |
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262 | 262 | | |
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263 | 263 | | (II) THE PROJECT ’S LIKELIHOOD TO FOST ER JOB CREATION ; 17 |
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264 | 264 | | AND 18 |
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265 | 265 | | |
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266 | 266 | | (III) CAPITAL INVESTMENT IN THE PR OJECT. 19 |
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267 | 267 | | |
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268 | 268 | | (B) (1) IN ACCORDANCE WITH TH IS SUBTITLE, ALL PRIVATE SECTOR 20 |
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269 | 269 | | ENTITIES IN THE STATE AND ALL INSTITU TIONS OF HIGHER EDUC ATION IN THE 21 |
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270 | 270 | | STATE MAY BE ELIGIBLE RECIPIENTS OF FINANC IAL ASSISTANCE. 22 |
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271 | 271 | | |
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272 | 272 | | (2) PRIORITY FOR THE AWAR D OF ANY FINANCIAL ASSISTANCE SHALL 23 |
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273 | 273 | | BE GIVEN TO THOSE PR OJECTS MOST LIKELY T O: 24 |
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274 | 274 | | |
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275 | 275 | | (I) ATTRACT SIGNIFICANT INVESTMENT IN THE STATE; 25 |
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276 | 276 | | |
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277 | 277 | | (II) RESULT IN SIGNIFICAN T COMPANY FORMATION , 26 |
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278 | 278 | | EXPANSION, OR JOB CREATION ; OR 27 |
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279 | 279 | | |
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280 | 280 | | (III) RESULT IN MEANINGFUL ECONOMIC AND EMPLOYM ENT 28 HOUSE BILL 1094 7 |
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281 | 281 | | |
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282 | 282 | | |
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283 | 283 | | DEVELOPMENT IN WESTERN MARYLAND. 1 |
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284 | 284 | | |
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285 | 285 | | 10–4C–10. 2 |
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286 | 286 | | |
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287 | 287 | | ON OR BEFORE JULY 1, 2026, THE CORPORATION SHALL REP ORT TO THE 3 |
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288 | 288 | | GENERAL ASSEMBLY, IN ACCORDANCE WITH § 2–1257 OF THE STATE GOVERNMENT 4 |
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289 | 289 | | ARTICLE, ON THE IMPLEMENTATIO N OF THE PROGRAM AND SHALL MAK E 5 |
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290 | 290 | | RECOMMENDATIO NS ON THE EXPANSION OF THE PROGRAM TO A STATEWID E 6 |
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291 | 291 | | PROGRAM. 7 |
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292 | 292 | | |
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293 | 293 | | Article – State Finance and Procurement 8 |
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294 | 294 | | |
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295 | 295 | | 6–226. 9 |
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296 | 296 | | |
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297 | 297 | | (a) (2) (i) Notwithstanding any other provision of law, and unless 10 |
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298 | 298 | | inconsistent with a federal law, grant agreement, or other federal requirement or with the 11 |
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299 | 299 | | terms of a gift or settlement agreement, net interest on all State money allocated by the 12 |
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300 | 300 | | State Treasurer under this section to special funds or accounts, and otherwise entitled to 13 |
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301 | 301 | | receive interest earnings, as accounted for by the Comptroller, shall accrue to the General 14 |
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302 | 302 | | Fund of the State. 15 |
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303 | 303 | | |
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304 | 304 | | (ii) The provisions of subparagraph (i) of this paragraph do not apply 16 |
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305 | 305 | | to the following funds: 17 |
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306 | 306 | | |
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307 | 307 | | 144. the Health Equity Resource Community Reserve Fund; 18 |
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308 | 308 | | [and] 19 |
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309 | 309 | | |
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310 | 310 | | 145. the Access to Counsel Evictions Special Fund; AND 20 |
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311 | 311 | | |
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312 | 312 | | 146. THE MARYLAND TECHNOLOGY INFRASTRUCTURE 21 |
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313 | 313 | | FUND. 22 |
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314 | 314 | | |
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315 | 315 | | SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect July 23 |
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316 | 316 | | 1, 2022. It shall remain effective for a period of 5 years and, at the end of June 30, 2027, 24 |
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317 | 317 | | this Act, with no further action required by the General Assembly, shall be abrogated and 25 |
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318 | 318 | | of no further force and effect. 26 |
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