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    • Legislation USA
    • Maryland Statutes
    • Economic Development
    • 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 VI - Small Business Surety Bond Program
    • Section 5-561 - Definitions

    Maryland Statutes
    Part VI - Small Business Surety Bond Program
    Section 5-561 - Definitions

    (a)    In this part the following words have the meanings indicated.
        (b)    “Fund” means the Small Business Surety Bond Fund.
        (c)    “Principal” means a small business entity that has assets, income, or employees that do not exceed limits that the Authority sets by regulation.
        (d)    “Program” means the Small Business Surety Bond Program.

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    Structure Maryland Statutes

    Maryland Statutes

    Economic Development

    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 VI - Small Business Surety Bond Program

    Section 5-561 - Definitions

    Section 5-562 - Established

    Section 5-563 - Status; Investments

    Section 5-564 - Composition

    Section 5-565 - Uses

    Section 5-566 - Powers of Authority -- in General

    Section 5-567 - Powers of Authority -- Program

    Section 5-568 - Surety -- Authority as Guarantor

    Section 5-569 - Surety -- Authority as Surety

    Section 5-570 - Economic Impact of Contract

    Section 5-571 - Surety Bonding Line Authorized

    Section 5-572 - Qualifications of Principal; Bond Requirements

    Section 5-573 - Application

    Section 5-574 - Premiums and Fees

    Section 5-575 - Prohibited Acts; Penalty

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