HARRY HUGHES, Governor                                  3815

(2)  Previously participated in the management of
the applicant; or

(3)   In any other manner is related to:

(i) The applicant; or

(ii) Any of its current stockholders,
officers, or other management personnel.

13-230.

(a)  The Authority may UTILIZE THE GENERAL FUND TO lend
money to an applicant only if:

(1)  The applicant meets the requirements of this
subtitle;

(2)  The loan does not exceed $150,000; and

(3)  The loan is to be used primarily for working
capital TO PERFORM A CONTRACT FOR A PROJECT THAT A FEDERAL,
STATE, OR LOCAL GOVERNMENT FINANCES.

(b)  A loan that the Authority makes shall mature not
later than the term of the government contract, unless the
Authority finds that a longer term better carries out the
purposes of this subtitle.

13-231.

(a)  To qualify for financial assistance under §§
13-227 THROUGH 13-230 OF this subtitle, an applicant shall
meet the requirements of this section.

(b)   If the applicant is an individual, the applicant
shall satisfy the Authority that;

(1)  The applicant is of good moral character;

(2)  As determined from creditors, employers, and
other individuals who have personal knowledge of the
applicant, the applicant has a reputation for financial
responsibility;

(3)  The applicant is a citizen of the United
States; and

(4)  The applicant is unable to obtain adequate
business financing on reasonable terms through normal
lending channels because the applicant:

(i) Belongs to a group that historically
has been deprived of access to normal economic or financial
resources because of race, color, creed, sex, religion, or
national origin;