§ 5–348
Statutes in effect as of October 1, 2026.
Md. Code Ann., Econ. Dev. § 5-348 (2026)
Title 5. Economic Development and Financial Assistance Programs
Subtitle 3. Maryland Economic Development Assistance Authority and Fund
§ 5–348LinkCopy Citation
(a)
The proceeds of a child care special loan may be used:
(1)
to assist the applicant in meeting applicable State and local child care standards;
(2)
to pay for minor renovations, and to upgrade child care facilities, to ensure that applicants meet State and local child care standards; or
(3)
to purchase and install equipment and furniture, including equipment needed to accommodate children with special needs.
(b)
Except as provided in subsection (a) of this section, the proceeds of a child care special loan may not be used:
(1)
to purchase or improve land; or
(2)
to purchase, construct, or improve a building or facility.