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<section article="gec" article_name="Economic Development" number="5-2202" effective_note="EFFECTIVE UNTIL JUNE 30, 2029 PER CHAPTER 485 OF 2022" title_number="5" title_name="Economic Development and Financial Assistance Programs" subtitle_number="22" subtitle_name="Maryland New Start Microloan Program">
  <level label="a">
    <text>There is a Maryland New Start Microloan Program.</text>
  </level>
  <level label="b">
    <text>The purpose of the Program is to provide loans to covered individuals participating in eligible entrepreneurship development programs.</text>
  </level>
  <level label="c">
    <text>The Department, in consultation with the Governor’s Office of Small, Minority, and Women Business Affairs, shall administer the Program.</text>
  </level>
</section>
