Section 5-705 - Enterprise zones - Expansion.
§ 5-705. Enterprise zones - Expansion.
(a) In general.-
(1) A political subdivision may apply to the Secretary to expand an existing enterprise zone in the same manner as the political subdivision would apply to designate a new enterprise zone.
(2) The Secretary may grant an expansion of an enterprise zone into an area that meets the requirements of § 5-704 of this subtitle.
(3) For purposes of § 5-704(b) of this subtitle, an expansion of an enterprise zone that does not exceed 50% of the existing geographic area of the enterprise zone does not count towards the limit on the number of enterprise zones that:
(i) the Secretary may designate in a calendar year; or
(ii) a county may receive in a calendar year.
(b) Extraordinary expansion.-
(1) The Secretary may grant one extraordinary expansion of an enterprise zone in the State each calendar year for an area that:
(i) meets the requirements of § 5-704 of this subtitle; and
(ii) in the determination of the Secretary, has suffered a significant loss of economic base.
(2) For purposes of § 5-704(b) of this subtitle, an extraordinary expansion of an enterprise zone does not count towards the limit on the number of enterprise zones that:
(i) the Secretary may designate in a calendar year; or
(ii) a county may receive in a calendar year.
[An. Code 1957, art. 83A, § 5-402(i), (j); 2008, ch. 306, § 2.]