{"data":{"id":"us-md/md.-code-economic-development-10-4c-04","jurisdiction":"us-md","citation":"Md. Code, Economic Development § 10–4C–04","heading":"","body":"// EFFECTIVE UNTIL SEPTEMBER 30, 2028 PER CHAPTER 322 OF 2022 //\n(a) The Corporation shall adopt standards to award financial assistance under this subtitle.\n(b) The Corporation may award financial assistance to:\n(1) a local government;\n(2) an agency, an instrumentality, or a nonprofit corporation that the local government designates; or\n(3) a nonprofit entity operating or seeking to operate a makerspace in the State.\n(c) To the extent practicable, the Corporation shall award financial assistance in a manner that reflects geographic diversity.\n(d) A recipient of financial assistance under this section:\n(1) shall provide matching funds or in–kind contributions for the project at least equal to the amount of financial assistance awarded; and\n(2) may not utilize the financial assistance awarded for the operating costs of the makerspace after the first 3 years of operation.\n(e) Unless two–thirds of the membership of the Board approves, the Corporation may not award financial assistance within a single county under this section that exceeds a total of $250,000 in a single fiscal year.","path":["Article - Economic Development"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gec\u0026section=10-4C-04","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:57:28Z","sha256":"121390c9ab1bf3c2dcf14e0ec2e73ac226d5114dcba8d1be693b5745b45b4603","source_id":"us-md","stale":false,"prev":"us-md/md.-code-economic-development-10-4c-03","next":"us-md/md.-code-economic-development-10-4c-05"},"notice":"GroundRules: Original legal text. Not legal advice."}