# Economic Development (GEC)

## Title 5. Economic Development and Financial Assistance Programs

### Subtitle 22. Maryland New Start Microloan Program

#### Section 5-2205

On or before January 1, 2029, the Department shall report to the Governor and, in accordance with Sec. 2-1257 of the State Government Article, the General Assembly on:

(1) the funds included in the State budget and appropriated for the Fund for each fiscal year during the life of the Program;

(2) the implementation of the Program by the Department, including an assessment of the effectiveness of the Program; and

(3) the overall performance of the Program and impacts of the Program on loan recipients.

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