Md. Code, Economic Development § 5-457
This is the official text of Md. Code, Economic Development § 5-457, part of Maryland’s Code, Economic Development — governs the state's economic development programs.
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§5–457.
Official statutory text
In determining whether to accept a linked deposit loan package, the Authority shall confirm the eligibility of the applicant and consider:
(1) the number and kinds of jobs to be created or retained as a result of providing the linked deposit;
(2) the amount of the loan;
(3) the amount of money in the Fund and the amount committed to linked deposits;
(4) whether the availability of linked deposit financing is essential for the economic feasibility of the acquisition;
(5) the economic needs of the area in which the eligible business is located;
(6) the financial feasibility of the loan; and
(7) other factors that the Authority considers relevant.
(1) the number and kinds of jobs to be created or retained as a result of providing the linked deposit;
(2) the amount of the loan;
(3) the amount of money in the Fund and the amount committed to linked deposits;
(4) whether the availability of linked deposit financing is essential for the economic feasibility of the acquisition;
(5) the economic needs of the area in which the eligible business is located;
(6) the financial feasibility of the loan; and
(7) other factors that the Authority considers relevant.
Status: in_force · Read it on the official government site
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