(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.
Structure Maryland Statutes
Division I - Secretary of Commerce and Department of Commerce
Title 5 - Economic Development and Financial Assistance Programs
Subtitle 4 - Maryland Industrial Development Financing Authority
Part VI - Linked Deposit Program
Section 5-456 - Conditional Approval
Section 5-458 - Payment Schedule