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<section article="gec" article_name="Economic Development" number="5-1006" title_number="5" title_name="Economic Development and Financial Assistance Programs" subtitle_number="10" subtitle_name="Uniformed Services Personnel and Veteran-Owned Small Business No-Interest Loan Program">
  <level label="a">
    <text>There is a Uniformed Services Personnel and Veteran–Owned Small Business No–Interest Loan Fund.</text>
  </level>
  <level label="b">
    <text>The purpose of the Fund is to provide no–interest loans consistent with this subtitle.</text>
  </level>
  <level label="c">
    <text>The Secretary shall administer the Fund.</text>
  </level>
  <level label="d">
    <level label="1">
      <text>The Fund is a special, nonlapsing fund that is not subject to reversion under § 7–302 of the State Finance and Procurement Article.</text>
    </level>
    <level label="2">
      <text>The State Treasurer shall hold the Fund separately, and the Comptroller shall account for the Fund.</text>
    </level>
    <level label="3">
      <text>Any investment earnings of the Fund shall be credited to the Fund.</text>
    </level>
  </level>
  <level label="e">
    <text>The Fund consists of:</text>
    <level label="1">
      <text>money the State appropriates to the Fund;</text>
    </level>
    <level label="2">
      <text>money made available to the Fund through federal programs or private contributions;</text>
    </level>
    <level label="3">
      <text>repayments from loans provided by the Department under this subtitle;</text>
    </level>
    <level label="4">
      <text>proceeds from the sale, disposition, lease, or rental of collateral related to loans provided by the Department under this subtitle; and</text>
    </level>
    <level label="5">
      <text>any other money made available to the Fund.</text>
    </level>
  </level>
  <level label="f">
    <text>The Department may use money in the Fund to provide loans to eligible applicants under §§ 5–1002 through 5–1004 of this subtitle.</text>
  </level>
</section>
