# Economic Development (GEC)

## Title 5. Economic Development and Financial Assistance Programs

### Subtitle 5. Maryland Small Business Development Financing Authority

#### Section 5-550

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.

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