§ 9-424. Requirements for loan guarantees
West's Annotated Code of MarylandEnvironment
MD Code, Environment, § 9-424
§ 9-424. Requirements for loan guarantees
(a) A loan guarantee of the principal of or interest on any commercial loan or obligation to finance the eligible cost of a project under this subtitle may only be made if the applicant certifies that it is unable to obtain on reasonable terms sufficient credit to finance its actual needs without the guarantee and if the Board of Public Works determines that there is a reasonable assurance of repayment of the loan obligation.
Credits
Added by Acts 1990, c. 187, § 2.
MD Code, Environment, § 9-424, MD ENVIR § 9-424
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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