§ 5–554
Statutes in effect as of October 1, 2026.
Md. Code Ann., Econ. Dev. § 5-554 (2026)
Title 5. Economic Development and Financial Assistance Programs
Subtitle 5. Maryland Small Business Development Financing Authority
§ 5–554LinkCopy Citation
(a)
The Authority may only approve a guaranty or a bond under this part if the Authority determines that the contract, for which a bond is sought to be guaranteed or issued, will have a substantial economic impact.
(b)
To determine the economic impact of a contract, the Authority may consider:
(1)
the amount of the guaranty obligation;
(2)
the terms of the bond to be guaranteed;
(3)
the number of new jobs that the contract to be bonded will create; and
(4)
any other factor that the Authority considers relevant.