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2366 VETOES
(3) COMMUNITY INCOME, WITH PRIORITY GIVEN TO THOSE
COMMUNITIES WITH THE LOWEST MEDIAN FAMILY INCOME.
13-405. 266LL-5.
(A) IF, AT ANY TIME, THE AMOUNT OF MONEY IN THE FUND
EXCEEDS THE AMOUNT THAT THE DEPARTMENT CONSIDERS NECESSARY
CURRENTLY TO MEET ITS EXPENSES AND OBLIGATIONS, THE EXCESS SHALL
BE:
(1) DEPOSITED WITH THE STATE TREASURER, TO THE CREDIT
OF THE FUND; AND
(2) INVESTED IN THE MANNER PROVIDED FOR BY LAW.
(B) IF, AT ANY TIME, THE AMOUNT OF MONEY IN OR CREDITED TO
THE FUND EXCEEDS THE AMOUNT THAT THE AUTHORITY DEPARTMENT
CONSIDERS NECESSARY TO MEET ITS OBLIGATIONS, THE EXCESS, ON
RESOLUTION OF THE DIVISION SHALL BE PAID TO THE STATE TREASURER.
13-406. 266LL-6.
ANNUALLY, THE STATE TREASURER SHALL REPORT TO THE DEPARTMENT
AS TO:
(1) THE STATUS OF THE MONEY INVESTED UNDER 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.
13.407. 266LL-7.
SUBJECT TO THE RESTRICTIONS OF THIS SUBTITLE, THE DEPARTMENT
ON APPLICATION, MAY PROVIDE TO THE APPLICANT THE FOLLOWING TYPES
OF FINANCIAL ASSISTANCE:
(1) A GUARANTEE OF A LOAN MADE TO THE APPLICANT; OR
(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.
13-408. 266LL-8.
THE DEPARTMENT MAY GUARANTEE A LOAN MADE TO AN APPLICANT
ONLY IF:
(1) THE APPLICANT MEETS THE QUALIFICATIONS REQUIRED
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