§ 5–550

Statutes in effect as of October 1, 2026.

Md. Code Ann., Econ. Dev. § 5-550 (2026)

Title 5. Economic Development and Financial Assistance Programs

Subtitle 5. Maryland Small Business Development Financing Authority

In administering the Program, the Authority may:

(1)

use the services of other governmental units;

(2)

contract for and accept loans and grants from the federal government, the State government, or a local government and their units; and

(3)

on the terms and conditions it considers advisable:

(i)

acquire, manage, operate, dispose of, or otherwise deal with property;

(ii)

take assignments of rentals and leases; and

(iii)

make contracts, leases, agreements, and arrangements that are necessary or incidental to the performance of its duties.