Md. Code Ann., Econ. Dev. § 5-1002
Redline — January 1, 2019 → current.View current text →
Current — January 1, 2026
As of January 1, 2019
(a) Subject to the availability of funds, the Department, in consultation with the Department of Veterans Affairs, shall establish a program to provide no–interest loans under this subtitle to: (1) small business employers of military reservists and National Guard personnel who are called to active duty; (2) businesses owned by military reservists and National Guard personnel who are called to active duty; (3) veteran–owned small businesses; and (4) businesses employing a service–disabled veteran.
(a) Subject to the availability of funds, the Department, in consultation with the Department of Veterans and Military Families, shall establish a program to provide no–interest loans under this subtitle to: (1) small business employers of reserve component members who are called to active duty; (2) businesses owned by reserve component members who are called to active duty;
(b) If the availability of funds is limited, in making loans under this subtitle, the Department, in consultation with the Department of Veterans Affairs, shall give priority to the businesses described in subsection (a)(2) and (3) of this section.
(b) If the availability of funds is limited, in making loans under this subtitle, the Department, in consultation with the Department of Veterans and Military Families, shall give priority to the businesses described in subsection (a)(2) and (3) of this section.
(c) In making loans under this subtitle, the Department, in consultation with the Department of Veterans Affairs, shall take into consideration how to maximize the number of veterans, military reservists, and National Guard personnel who would benefit from loans made under this subtitle.
(c) In making loans under this subtitle, the Department, in consultation with the Department of Veterans and Military Families, shall take into consideration how to maximize the number of veterans and reserve component members who would benefit from loans made under this subtitle.
Official source: Maryland General Assembly. Reproduced from public-domain Maryland statutes; confirm against the official source for the current text. Not legal advice.