{"data":{"id":"us-md/md.-code-economic-development-5-332","jurisdiction":"us-md","citation":"Md. Code, Economic Development § 5–332","heading":"","body":"(a) A local government shall use a grant under this part:\n(1) to provide loans or loan guarantees, or to subsidize the interest rate on loans, for financing economic development projects; or\n(2) to provide loans to small businesses.\n(b) The Department may require that money from a grant under this part be returned to the Department if the local economic development fund is inactive for more than 2 years after the grant is made.","path":["Article - Economic Development"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gec\u0026section=5-332","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:57:28Z","sha256":"771b18cf0951c1a9d2ad51d028a8043423571dd5603d1fab29005f5033b0fa8e","source_id":"us-md","stale":false,"prev":"us-md/md.-code-economic-development-5-331","next":"us-md/md.-code-economic-development-5-335"},"notice":"GroundRules: Original legal text. Not legal advice."}