Md. Code Regs. 24.05.01.08

Current through Register Vol. 51, No. 24, December 2, 2024

Section 24.05.01.08 - Expansion of Enterprise Zones

A. Upon application, the Secretary may permit the expansion of a designated enterprise zone.

B. The political subdivision or subdivisions that originally obtained the zone designation shall apply for the expansion.

C. The application for expansion of a designated enterprise zone shall set forth the basis for the request for expansion but need not duplicate data submitted for the original designation.

D. The designation period for the expansion area of the zone runs simultaneously with the period of the original zone designation and expires at the same time as the original zone designation.

E. The Secretary may grant an extraordinary expansion of an enterprise zone into any area that:

(1) Meets the requirements of Economic Development Article, § 5-704, Annotated Code of Maryland, and this chapter; and

(2) In the determination of the Secretary, has suffered a significant loss of economic base.

Md. Code Regs. 24.05.01.08