Maryland Statutes
§ 9-424
Maryland § 9-424
This text of Maryland § 9-424 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., Environment § 9-424 (2026).
Text
(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.
(b)A loan guarantee may not exceed $500,000 for each project or part of a project in any calendar year unless the Board of Public Works determines that extraordinary circumstances exist.
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Bluebook (online)
Maryland § 9-424, Counsel Stack Legal Research, https://law.counselstack.com/statute/md/gen/9-424.