(a) The Department may make loans under the Farmer Disaster Loan Program from funds provided in the budget.
(b) Money derived from payment of principal and interest on the loans shall be used by the Department, as needed, to make additional loans under the Farmer Disaster Loan Program. If any money derived from the payment of principal and interest as provided in this subsection exceeds $200,000, then that excess amount shall revert to the General Fund of this State.
Structure Maryland Statutes
Title 2 - Department of Agriculture
Subtitle 6 - Farmer Disaster Loan Program
Section 2-601 - Created in Department of Agriculture; Purpose; Management and Supervision
Section 2-602 - Power to Make Loans
Section 2-603 - Interest Rate; Application Fee; Security; Eligibility; Reimbursement of Department