§ 5–558
Statutes in effect as of October 1, 2026.
Md. Code Ann., Econ. Dev. § 5-558 (2026)
Title 5. Economic Development and Financial Assistance Programs
Subtitle 5. Maryland Small Business Development Financing Authority
§ 5–558LinkCopy Citation
(a)
In its sole discretion, the Authority may set:
(1)
the premiums and fees for providing bonding assistance under the Program; and
(2)
the terms and conditions when the premiums and fees are payable.
(b)
The premiums and fees may vary in amount among transactions and at different stages of a transaction.
(c)
A determination by the Authority on premiums and fees remains effective for as long as the bonding assistance provided by the Authority is in effect.