# COMAR Title 24 — Department of Commerce

## Subtitle 05 — Economic Development

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

#### Regulation .05 Eligible Uses.

*COMAR 24.05.05.05*

The proceeds of the loan may be used for any purposes approved by the Authority and permitted by the MIDFA Act and the Revenue Bond Act, including:

A. Acquisition of real property and the construction of new buildings or renovation of existing buildings;

B. Acquisition and installation of machinery and equipment;

C. The obtaining of additional credit enhancements such as a letter of credit or bond insurance; and

D. Payment of costs related to issuance of the bonds and permitted by the MIDFA Act, the Revenue Bond Act, and any applicable federal law.