(a) The Authority may only approve a guaranty or a bond under this part if the Authority determines that the contract, for which a bond is sought to be guaranteed or issued, will have a substantial economic impact.
(b) To determine the economic impact of a contract, the Authority may consider:
(1) the amount of the guaranty obligation;
(2) the terms of the bond to be guaranteed;
(3) the number of new jobs that the contract to be bonded will create; and
(4) any other factor that the Authority considers relevant.
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 VI - Small Business Surety Bond Program
Section 5-563 - Status; Investments
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