Md. Code Regs. 24.05.01.09

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

Section 24.05.01.09 - Redesignation of Enterprise Zones

A. Upon application, the Secretary may permit redesignation of all or a portion of a designated enterprise zone.

B. Application Procedure.

(1) To apply for redesignation, the appropriate political subdivision shall file a complete application showing that the proposed zone meets all the requirements for a new zone.

(2) A redesignation application shall also include the following information:

(a) An evaluation of the history and benefits of the existing zone;

(b) An explanation of why portions of the existing enterprise zones are included in the redesignation request; and

(c) A comparison of the economic development strategy for the redesignation application with that of the existing zone.

C. A political subdivision may request redesignation of all or a portion of the designated zone before the end of the 10-year designation period. The new 10-year designation period shall, however, begin immediately upon the redesignation by the Secretary, within 60 days following the submission date, rather than at the end of the original 10-year term.

Md. Code Regs. 24.05.01.09

Regulation .09 amended effective July 2, 1984 (11:13 Md. R. 1175)