{"data":{"id":"us-md/md.-code-economic-development-10-1123","jurisdiction":"us-md","citation":"Md. Code, Economic Development § 10–1123","heading":"","body":"(a) (1) On or before October 1 each year, the Corporation shall report to the Governor and, in accordance with § 2–1257 of the State Government Article, the General Assembly.\n(2) The report required under this subsection shall include:\n(i) a complete operating and financial statement covering the Corporation’s operations;\n(ii) a summary of the Corporation’s activities during the preceding fiscal year;\n(iii) information on all salaries and any incentives approved by the Board for Corporation employees;\n(iv) information on outreach, training, mentorship, support, and investment in minority– and women–owned qualified businesses, including support for marketing by the Maryland Small Business Development Financing Authority;\n(v) information on entities that have current investments and entities that received funding or investments in the current year on:\n1. the principal business operations;\n2. the number of employees in the State and the number of employees outside the State;\n3. the capital or other investments made in the State; and\n4. the proposed and actual job creation or capital investment in the State as a result of the investment or support;\n(vi) information on the creation of and appointments made to an advisory committee and the responsibilities of the advisory committee and members of the committee; and\n(vii) the policies of the Board and any changes to existing policies.\n(b) (1) On a quarterly basis, the Corporation shall report to the Governor and, in accordance with § 2–1257 of the State Government Article, the Joint Audit and Evaluation Committee and the General Assembly.\n(2) The report required under this subsection shall include a list of the businesses and projects receiving support through programs administered by the Corporation, including those receiving investments made under § 21–123.2 of the State Personnel and Pensions Article.\n(3) The list of businesses and projects receiving support shall include for each:\n(i) the number of employees in the State;\n(ii) the number of employees outside the State;\n(iii) the capital or other investments made in the State; and\n(iv) proposed job creation or capital investment in the State as a result of the investment or support.\n(c) The Corporation shall publish annual financial statements, audit reports, and policies of the Board visibly on its website.","path":["Article - Economic Development"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gec\u0026section=10-1123","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:57:28Z","sha256":"76aeb9db37f1e3a1c7af7524772e91599f42150e2c40f5b84f14411d8ccc9f38","source_id":"us-md","stale":false,"prev":"us-md/md.-code-economic-development-10-1122","next":"us-md/md.-code-economic-development-11-201"},"notice":"GroundRules: Original legal text. Not legal advice."}