2574

LAWS OF MARYLAND

Ch. 879

MADE BY SERVICE UPON THE MANAGER OF THE AUTHORITY EITHER IN
HAND OR BY LEAVING A COPY OF THE PROCESS AT THE OFFICE OF
THE MANAGER WITH SOME PERSON HAVING CHARGE THEREOF;

(5)    EMPLOY THE ASSISTANTS, AGENTS, AND OTHER
EMPLOYEES AS MAY BE NECESSARY OR DESIRABLE FOR ITS PURPOSES;
CONTRACT FOR AND ENGAGE CONSULTANTS; AND UTILIZE THE
SERVICES OF OTHER GOVERNMENTAL AGENCIES;

(6)    ACCEPT FROM A FEDERAL AGENCY LOANS OR
GRANTS FOR USE IN CARRYING OUT ITS PURPOSE AND ENTER INTO
AGREEMENT WITH THE AGENCY RESPECTING ANY LOANS OR GRANTS;
AND

(7)    DO ALL ACTS AND THINGS NECESSARY OR
CONVENIENT TO CARRY OUT POWERS EXPRESSLY GRANTED IN THIS
SUBHEADING EXCEPT THAT, IN ALL MATTERS CONCERNING THE
INTERNAL ADMINISTRATIVE FUNCTIONS OF THE AUTHORITY, THE
PURCHASING PROCEDURES OF THE STATE RELATING TO OFFICE SPACE,
SUPPLIES, FACILITIES, MATERIALS, EQUIPMENT, AND PROFESSIONAL
SERVICES SHALL BE FOLLOWED.

266HH-7.

(A)    AN APPLICANT SHALL FOLLOW THE PROCEDURE IN THIS
SECTION, IN SEEKING THE BENEFITS OF SECTION 266HH-5 OF THIS
SUBHEADING.

(B)    AN APPLICANT SHALL SUBMIT TO     THE AUTHORITY A
LETTER OF INTENT. THE LETTER SHALL INCLUDE A BRIEF
DESCRIPTION OF THE GOVERNMENT PROJECT, AND      AN ESTIMATE OF
THE PROJECTED COST.

(C)    THE APPLICANT SHALL SUBMIT TO THE AUTHORITY AN
APPLICATION, IN WRITING, ON A FORM SUPPLIED BY THE
AUTHORITY. THE APPLICATION SHALL INCLUDE THE FOLLOWING
INFORMATION:

(1)    A DETAILED DESCRIPTION OF THE COMPLETE
SCOPE OF THE GOVERNMENT PROJECT, INCLUDING AN ITEMIZATION OF
KNOWN AND ESTIMATED COSTS;

(2)    INFORMATION RELATING TO THE APPLICANT'S
FINANCIAL STATUS, INCLUDING A CURRENT AUDITED BALANCE SHEET,
A PROFIT AND LOSS STATEMENT AND CREDIT REFERENCES;

(3)    THE TOTAL AMOUNT OF INVESTMENT REQUIRED
UNDER THE GOVERNMENT CONTRACT;

(4)    THE FUNDS AVAILABLE TO THE APPLICANT
WITHOUT THE BENEFITS OF SECTION 266HH-5 OF THIS SUBHEADING;

(5)    FINANCIAL SUPPORT SOUGHT FROM THE AUTHORITY
UNDER SECTION 266HH-5 Of THIS SUBHEADING;

(6)    INFORMATION RELATING TO THE APPLICANT'S
INABILITY TO ACQUIRE ADEQUATE BUSINESS FINANCING ON
REASONABLE TERMS THROUGH NORMAL LENDING CHANNELS.