Maryland Statutes

§ 5-453

Maryland § 5-453
JurisdictionMaryland
Article gecEconomic Development
Title5

This text of Maryland § 5-453 is published on Counsel Stack Legal Research, covering Maryland primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Md. Code Ann., Economic Development § 5-453 (2026).

Text

(a)The purpose of the Program is to stimulate economic and employment growth in rural areas of the State with high unemployment.
(b)(1) The Program shall assist eligible businesses to obtain a loan at below market rates.
(2)An eligible business may use a Program loan to acquire land, buildings, and equipment.
(3)An acquisition made by an eligible business with a Program loan shall be used to create or retain employment opportunities in a rural area.

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Bluebook (online)
Maryland § 5-453, Counsel Stack Legal Research, https://law.counselstack.com/statute/md/gec/5-453.