HARRY HUGHES, Governor

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(ii) A profit and loss statement; and

(iii) Credit references; and

(8) Any other relevant information that the
Authority requests.

(c) After receipt of an application FOR ASSISTANCE
FROM THE GENERAL FUND, the authority may determine by
resolution that an applicant shall provide an audited
balance sheet before the Authority makes its decision on the
application.

13-233.

(a)  The Authority may set the terms and conditions for
guarantees of loans WHICH IT ELECTS TO MAKE PURSUANT TO §
13-228.

(b)  (1) If the Authority decides to lend money FROM
THE GENERAL FUND to an applicant, the Authority shall
prepare [a] loan [agreement.] DOCUMENTS WHICH

[(2) The loan agreement] shall include:

(i) The rate of interest on the loan,
which shall equal the market rate for a conventional loan of
comparable risk unless the. Authority finds that a lower rate
better carries out the purposes of this subtitle;

(ii) A payment schedule that provides
money to the applicant in the amounts and at the times that
the applicant needs the money to perform the government
contract;

(iii) A requirement that, before each
advance of money is released to the applicant, the applicant
and the Authority cosign the request for the money; and

(iv) Provisions for repayment of the loan.

[(3)] (2) The loan [agreement] DOCUMENTS may
include any other provision that the Authority determines is
necessary to secure the loan, including, if allowable, an
assignment of or a lien on payment under the government
contract.

PART V. SPECIAL FUND FINANCIAL ASSISTANCE

13-233.1.

SUBJECT TO THE RESTRICTIONS OF THIS PART V, THE
AUTHORITY, ON APPLICATION, MAY PROVIDE TO A FINANCIAL
INSTITUTION THE FOLLOWING TYPES OF FINANCIAL ASSISTANCE FROM
THE SPECIAL FUND: