Maryland Statutes
Subtitle 5 - Maryland Small Business Development Financing Authority
Part VI - Small Business Surety Bond Program

Section 5-561 - Definitions - (a) In this part the following words have the meanings...

Section 5-562 - Established - There is a Small Business Surety Bond Fund.

Section 5-563 - Status; Investments - (a) (1) The Fund is a special, nonlapsing fund that...

Section 5-564 - Composition - The Fund consists of: (1) money the State appropriates to...

Section 5-565 - Uses - The Fund shall be used: (1) for the purposes described...

Section 5-566 - Powers of Authority -- in General - In administering the Program, the Authority may: (1) use the...

Section 5-567 - Powers of Authority -- Program - The Authority may: (1) prescribe or approve the form of...

Section 5-568 - Surety -- Authority as Guarantor - (a) The Authority may guarantee a surety up to the...

Section 5-569 - Surety -- Authority as Surety - (a) The Authority may execute and perform a bid bond,...

Section 5-570 - Economic Impact of Contract - (a) The Authority may only approve a guaranty or a...

Section 5-571 - Surety Bonding Line Authorized - The Authority may establish a surety bonding line to issue...

Section 5-572 - Qualifications of Principal; Bond Requirements - (a) To qualify for financial assistance under this part the...

Section 5-573 - Application - (a) To apply for financial assistance from the Program under...

Section 5-574 - Premiums and Fees - (a) In its sole discretion, the Authority may set: (1)...

Section 5-575 - Prohibited Acts; Penalty - (a) A person may not knowingly make or cause to...