Md. Code, Econ. Dev. § 6-906

Current with changes from the 2024 Legislative Session
Section 6-906 - Revocation of certification [Subtitle subject to contingent abrogation]

IN EFFECT** CONTINGENCY - IN EFFECT - CHAPTER 350 OF 2018 **

(a) The Department may revoke its certification under this subtitle, in whole or in part, if:
(1) any representation made by a qualified business entity is determined by the Department to have been false when made; or
(2) as determined by the Department, the actual expenditures and hiring of employees to fill qualified positions by the qualified business entity operating the project are significantly below the estimates in the project plan provided by the business entity under § 6-903(d)(1)(ii) of this subtitle.
(b) If the Department revokes its certification under subsection (a) of this section, the Comptroller may make an assessment against the qualified business entity to recapture any amount of a Program benefit that the qualified business entity has received.

Md. Code, EC § 6-906

Added by 2018 Md. Laws, Ch. 350,Sec. 1, eff. 6/1/2018.
2018 Md. Laws, Ch. 350,Sec. 6, provides: "(a) If the Department of Commerce fails to certify a business entity as a qualified business entity under Title 6, Subtitle 9 of the Economic Development Article, as enacted by Section 1 of this Act, before January 1, 2022, this Act, with no further action required by the General Assembly, shall be abrogated and of no further force and effect. (b) On or before January 5, 2022, the Secretary of Commerce shall provide notice of the taking effect of the termination provision under subsection (a) of this section to the Department of Legislative Services, 90 State Circle, Annapolis, Maryland 21401. "