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Md. Code Ann., Econ. Dev. § 5-457

Known as the Maryland Industrial Development Financing Authority Act

The act spans §§ 5-401 to 5-466 (53 sections).

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.

Official source: Maryland General Assembly. Reproduced from public-domain Maryland statutes; confirm against the official source for the current text. Not legal advice.