§ 5-521

Maryland § 5-521

• Jurisdiction: Maryland
• Article gcj: Courts and Judicial Proceedings
• Title: 5

Text

(a) (1) In this section the following words have the meanings indicated.

(2) “Department” means the Department of Economic Competitiveness and Commerce.

(3) “Eligible business” has the meaning stated in § 5–451 of the Economic Development Article.

(4) “Lender” has the meaning stated in § 5–451 of the Economic Development Article.

(b) The Department and the State are not liable to any lender for payment of the principal or interest on a loan to an eligible business in accordance with § 5–451 of the Economic Development Article.