HARRY HUGHES, Governor

3813

(3) EXPENSES FOR ADMINISTRATIVE, LEGAL,
ACTUARIAL AND OTHER SERVICES.

13-222.

(a)   If, at any time, the amount of money in the
GENERAL fund OR IN THE SPECIAL FUND exceeds the amount that
the Authority considers necessary currently to meet its
expenses and obligations, the excess shall be:

(1)  Deposited with the State Treasurer, to the
credit of the GENERAL fund OR THE SPECIAL FUND, AS
APPROPRIATE; and

(2)   Invested in the manner provided for by law.

(b)   If, at any time, the amount of money in or
credited to the GENERAL fund OR TO THE SPECIAL 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.

13-223.

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
GENERAL fund AND THE SPECIAL FUND as of the date of the
report; and

(3)  The interest received from investments
during the period covered by the report.

Part IV. GENERAL FUND Financial Assistance

13-227.

Subject to the restrictions of this part IV, the
Authority, on application, may provide to [the] AN applicant
FROM THE GENERAL FUND the following [types of] financial
assistance:

(1)(I) A guarantee of a loan made to the
applicant;

(2)(II) A guarantee of an equity
investment in the applicant; or

(3)(III) If the applicant is unable to
obtain money from any other source, a loan to the applicant.