Md. Code, Economic Development § 5-453

Md. Code, Economic Development § 5-453
in effect
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(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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gec&section=5-453&enactments=falseFetched: 10/16/2026

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