(a) In its sole discretion, the Authority may set:
(1) the premiums and fees for providing bonding assistance under the Program; and
(2) the terms and conditions when the premiums and fees are payable.
(b) The premiums and fees may vary in amount among transactions and at different stages of a transaction.
(c) A determination by the Authority on premiums and fees remains effective for as long as the bonding assistance provided by the Authority is in effect.
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