LegalFix
Sign In

§ 5-705. Enterprise zones -- Expansion

MD Econ Dev Code § 5-705 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

(a)    (1)    A political subdivision may apply to the Secretary to expand an existing enterprise zone in the same manner as the political subdivision would apply to designate a new enterprise zone.

(2)    The Secretary may grant an expansion of an enterprise zone into an area that meets the requirements of § 5-704 of this subtitle.

(3)    For purposes of § 5-704(b) of this subtitle, an expansion of an enterprise zone that does not exceed 50% of the existing geographic area of the enterprise zone does not count towards the limit on the number of enterprise zones that:

(i)    the Secretary may designate in a calendar year; or

(ii)    a county may receive in a calendar year.

(b)    (1)    The Secretary may grant one extraordinary expansion of an enterprise zone in the State each calendar year for an area that:

(i)    meets the requirements of § 5-704 of this subtitle; and

(ii)    in the determination of the Secretary, has suffered a significant loss of economic base.

(2)    For purposes of § 5-704(b) of this subtitle, an extraordinary expansion of an enterprise zone does not count towards the limit on the number of enterprise zones that:

(i)    the Secretary may designate in a calendar year; or

(ii)    a county may receive in a calendar year.

Previous Section
§ 5-704. Enterprise zones -- Designation
Next Section
§ 5-706. Focus area