# Economic Development (GEC)

## Title 5. Economic Development and Financial Assistance Programs

### Subtitle 2. Maryland Economic Adjustment Fund

#### Section 5-207

(a) The Department shall prepare the loan documents for loans under this subtitle.

(b) The loan documents shall include:

  (1) the interest rate on the loan;

  (2) the amount of the loan;

  (3) repayment provisions for the loan; and

  (4) any other provision that the Department determines is necessary, including a provision on taking liens and security interests in real or personal property.

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Md. Code Ann., Econ. Dev. (as displayed at mgaleg.maryland.gov, October 16, 2026)