# Economic Development (GEC)

## Title 5. Economic Development and Financial Assistance Programs

### Subtitle 3. Maryland Economic Development Assistance Authority and Fund

#### Section 5-348

(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.

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