# Sec. 10-147. Establishment of Community Bank Small Business Lending Program

Codified through Bill No. CB-018-2026, adopted May 12, 2026, effective July 24, 2026. Source: Municode, Supplement 2026 Update 2. Editorial notes and legislative history omitted.

## Sec. 10-147. Establishment of Community Bank Small Business Lending Program

Prince George's County, Md., Code § 10-147 (2026)

(a) There is hereby established the Community Bank Small Business Lending Program to enable the County to promote small business lending within the County by maintaining a minimum of Ten Million dollars ($10 Million) in County deposits in locally based community banks and requiring those banks to redeploy those assets in loans to County small businesses. The County may maintain less than Ten Million ($10 Million) in deposits if there are not enough eligible banks willing to participate in the Program or liquidity needs of the County require a reduction or elimination of this Program.

(b) Rules and regulations to carry out the provisions of this Division shall be promulgated by the Director of Finance by January 1, 2014. Said rules and regulations shall govern the implementation and administration of the Community Bank Small Business Lending Program, including but not limited to the process of notifying all eligible banks of the Program, the process of selecting eligible banks for the Program, the process of altering the amount of deposits of County funds made to banks that elect to participate in the Program, the process for expanding the Program in the future, the process for determining duration of the deposits, and the interest to be paid thereon.