700

LAWS OF MARYLAND

Ch. 33

IF, AT ANY TIME, THE AMOUNT OF MONEY IN OR CREDITED
TO THE FUND EXCEEDS THE AMOUNT THAT THE AUTHORITY CONSIDERS
NECESSARY TO MEET ITS OBLIGATIONS, THE EXCESS, ON RESOLUTION
OF THE AUTHORITY, SHALL BE PAID TO THE STATE TREASURER.

REVISOR'S NOTE: This section is new language derived
without substantive change from Art. 41, §§
266HH-8(a)(2) and 266HH-11(b).

13-223. REPORT OF STATE TREASURER.

THE STATE TREASURER SHALL REPORT ANNUALLY TO THE
AUTHORITY AS TO:

(1)       THE STATUS OF THE MONEY INVESTED UNDER §
13-222 OF THIS SUBTITLE;

(2)       THE MARKET VALUE OF THE ASSETS IN THE FUND
AS OF THE DATE OF THE REPORT; AND

(3)       THE INTEREST RECEIVED FROM INVESTMENTS
DURING THE PERIOD COVERED BY THE REPORT.

REVISOR'S NOTE: This section presently appears as Art.
41, § 266HH-8(a)(3).

The only changes are in style.

13-224. RESERVED.

13-225. RESERVED.

13-226. RESERVED.

PART IV. FINANCIAL ASSISTANCE.

13-227. GENERAL POWER TO PROVIDE FINANCIAL ASSISTANCE.

SUBJECT TO THE RESTRICTIONS OF THIS PART, THE
AUTHORITY, ON APPLICATION, MAY PROVIDE TO THE APPLICANT THE
FOLLOWING TYPES OF FINANCIAL ASSISTANCE:

(1)   A GUARANTEE OF A LOAN MADE TO THE APPLICANT;

(2)   IF THE APPLICANT IS A CORPORATION, A
GUARANTEE OF AN EQUITY INVESTMENT IN THE APPLICANT; OR

(3)   IF THE APPLICANT IS UNABLE TO OBTAIN MONEY
FROM ANY OTHER SOURCE, A LOAN TO THE APPLICANT.

REVISOR'S NOTE: This section is new language derived
without substantive change from the first and
last sentences of Art. 41, § 266HH-5(1) and the
first sentence of (2) and from Art. 41, §
266HH-5(3)(i).