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§ 2-602. Source of loan funds

West's Annotated Code of MarylandAgriculture

West's Annotated Code of Maryland
Agriculture
Title 2. Department of Agriculture (Refs & Annos)
Subtitle 6. Farmer Disaster Loan Program
MD Code, Agriculture, § 2-602
§ 2-602. Source of loan funds
Farmer Disaster Loan Program
(a) The Department may make loans under the Farmer Disaster Loan Program from funds provided in the budget.
Money from payment of principal and interest on loans
(b) Money derived from payment of principal and interest on the loans shall be used by the Department, as needed, to make additional loans under the Farmer Disaster Loan Program. If any money derived from the payment of principal and interest as provided in this subsection exceeds $200,000, then that excess amount shall revert to the General Fund of this State.

Credits

Acts 1977, c. 783.
MD Code, Agriculture, § 2-602, MD AGRIC § 2-602
Current through all legislation from the 2019 Regular Session of the General Assembly.
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