Section 6-902 - Promoting ext-Raordinary Innovation in Maryland's Economy (PRIME) Program [Subtitle subject to contingent abrogation]IN EFFECT** CONTINGENCY - IN EFFECT - CHAPTER 350 OF 2018 **
There is a Promoting ext-Raordinary Innovation in Maryland's Economy (PRIME) Program in the Department.
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. "