# COMAR Title 24 — Department of Commerce

## Subtitle 05 — Economic Development

### Chapter 05 — Maryland Industrial Development Financing Authority Bond Program

#### Regulation .04 Eligible Applicants.

*COMAR 24.05.05.04*

An applicant shall meet the following requirements to qualify for financial assistance:

A. Be in good standing and qualified to do business in Maryland if a corporation, partnership, or other similar entity;

B. Have the legal capacity and all necessary legal authorization to incur the obligations of the loan;

C. Demonstrate creditworthiness and repayment capability acceptable to the Authority.