3812

LAWS OF MARYLAND

Ch. 734

(3) Expenses for administrative, legal,
actuarial, and other services.

13-221.

(a)  If the Authority and the Secretary find that more
money is needed to keep the reserves of the GENERAL fund at
an adequate level, the Authority shall send to the Board of
Public Works a written request for the additional money.

(b)  The Board of Public Works may pay the amount
requested by the Authority under this section from its
emergency fund.

13-221.1.

THERE IS A SMALL BUSINESS DEVELOPMENT SPECIAL LONG-TERM
FINANCING FUND, ESTABLISHED AS A NONLAPSING, REVOLVING FUND
FOR CARRYING OUT THE PROVISIONS OF §§ 13-233.1 THROUGH
13-233.4 OF THIS SUBTITLE.

13-221.2.

(A)  ALL OF THE FOLLOWING RECEIPTS OF THE AUTHORITY
SHALL BE PLACED IN THE SPECIAL FUND:

(1)  LOANS AND GRANTS FROM THE FEDERAL GOVERNMENT
AND ANY OF ITS AGENCIES AND INSTRUMENTALITIES;

(2)  GRANTS AND CONTRIBUTIONS OF FUNDS FROM ANY
POLITICAL SUBDIVISION OR GOVERNMENT ORGANIZATION OF THE
STATE OR FROM ANY OTHER SOURCE;

(3)  PREMIUMS FOR GUARANTEEING LONG-TERM LOANS
PURSUANT TO § 13-233.2 OF THIS SECTION;

(4)  PROCEEDS FROM THE SALE, DISPOSITION, LEASE,
OR RENTAL OF COLLATERAL BY THE AUTHORITY RELATING TO LOANS
GUARANTEED PURSUANT TO § 13-233.2 OF THIS SUBTITLE;

(5)  INCOME FROM INVESTMENTS ALLOCABLE TO THE
SPECIAL FUND THAT THE STATE TREASURER, ON INSTRUCTION OF THE
AUTHORITY, MAKES FOR THE AUTHORITY UNDER § 13-222 OF THIS
SUBTITLE.

(B)  THE AUTHORITY SHALL USE THE SPECIAL FUND TO PAY
THE FOLLOWING EXPENSES AND DISBURSEMENTS OF THE AUTHORITY:

(1)  GUARANTY PAYMENTS REQUIRED BY DEFAULTS
PURSUANT TO § 13-233.2 OF THIS SUBTITLE;

(2)  INTEREST SUBSIDY PAYMENTS PURSUANT TO §
13-233.2 OF THIS SUBTITLE; AND