(a) This section applies to financing provided under the Program during fiscal years 2021 and 2022 for the purpose of relieving the adverse effects of the coronavirus pandemic.
(b) The Authority may convert to a grant up to $50,000 of the financing described under subsection (a) of this section that is provided to a small business.
Structure Maryland Statutes
Division I - Secretary of Commerce and Department of Commerce
Title 5 - Economic Development and Financial Assistance Programs
Subtitle 5 - Maryland Small Business Development Financing Authority
Part V - Equity Participation Investment Program
Section 5-550 - Legislative Findings; Purposes
Section 5-552 - Administration
Section 5-554 - Equity Participation Investment Program Fund -- Established
Section 5-555 - Fund -- in General
Section 5-556 - Application for Financing
Section 5-557 - Requirements for Financing
Section 5-558 - Limitation on Liability of State
Section 5-559 - Conversion of Coronavirus Pandemic Financing