Section 10-4C-04 - Award of financial assistance(a) The Corporation shall adopt standards to award financial assistance under this subtitle.(b) The Corporation may award financial assistance to:(2) an agency, an instrumentality, or a nonprofit corporation that the local government designates; or(3) a nonprofit entity operating or seeking to operate a makerspace in the State.(c) To the extent practicable, the Corporation shall award financial assistance in a manner that reflects geographic diversity.(d) A recipient of financial assistance under this section: (1) shall provide matching funds or in-kind contributions for the project at least equal to the amount of financial assistance awarded; and(2) may not utilize the financial assistance awarded for the operating costs of the makerspace after the first 3 years of operation.(e) Unless two-thirds of the membership of the Board approves, the Corporation may not award financial assistance within a single county under this section that exceeds a total of $250,000 in a single fiscal year.Added by 2022 Md. Laws, Ch. 322, Sec. 1, eff. 10/1/2022, exp. 10/1/2028.