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HARRY HUGHES, Governor 2415
DETERMINE THAT THE TRANSACTION WILL NOT RESULT IN:
(I) THE REMOVAL OF THE BUSINESS OPERATIONS OF
ANY PERSON BENEFITING FROM THE TRANSACTION, FROM ONE COUNTY TO
ANOTHER COUNTY; OR
(II) THE ABANDONMENT OF THE BUSINESS OPERATIONS
OF ANY PERSON BENEFITING FROM THE TRANSACTION, IN THE STATE; OR
(2) IF THE TRANSACTION WILL RESULT IN THE OCCURRENCE
OF EITHER OF THESE EVENTS, THE AUTHORITY SHALL DETERMINE THAT THE
TRANSACTION WILL:
(I) DISCOURAGE THE BUSINESS FROM LEAVING THE
STATE; OR
(II) PRESERVE THE COMPETITIVE POSITION OF THE
BUSINESS IN ITS INDUSTRY.
(D) RETAIL ESTABLISHMENT EXCLUDED. - THE FINANCIAL
ASSISTANCE TO BE PROVIDED BY THE AUTHORITY MAY NOT BE USED IN
CONNECTION WITH A RETAIL ESTABLISHMENT UNLESS THE AUTHORITY
DETERMINES, IN ITS SOLE AND ABSOLUTE DISCRETION, THAT FINANCIAL
ASSISTANCE IN CONNECTION WITH A RETAIL ESTABLISHMENT WILL
ACCOMPLISH THE PURPOSES OF THIS SUBTITLE.
(E) OPERATION BY AUTHORITY. - THE AUTHORITY SHALL DETERMINE
THAT THE AUTHORITY WILL NOT BE REQUIRED, EXCEPT ON DEFAULT, TO
OPERATE, SERVICE, OR MAINTAIN ANY BUSINESS.
(F) SECURITY. - THE AUTHORIZED PURPOSE OBLIGATIONS WITH
RESPECT TO WHICH FINANCIAL ASSISTANCE IS PROVIDED BY THE
AUTHORITY SHALL BE SECURED IN A MANNER APPROVED BY THE AUTHORITY.
(G) AMOUNT OF FINANCIAL ASSISTANCE. - FINANCIAL ASSISTANCE
PROVIDED BY THE AUTHORITY FROM THE AUTHORIZED PURPOSE INSURANCE
FUND WITH RESPECT TO ANY ONE TRANSACTION MAY NOT EXCEED THE TOTAL
AGGREGATE AMOUNT OF $1,000,000.
(H) LEVERAGE OF FUND. - THE TOTAL AGGREGATE AMOUNT OF
INSURANCE FROM THE AUTHORIZED PURPOSE INSURANCE FUND MAY NOT
EXCEED AT ANY TIME AN AMOUNT EQUAL TO 5 TIMES THE BALANCE IN THE
AUTHORIZED PURPOSE INSURANCE FUND.
(I) INSURANCE OF AUTHORIZED PURPOSE OBLIGATIONS. - THE
TOTAL AGGREGATE AMOUNT OF INSURANCE FROM THE AUTHORIZED PURPOSE
INSURANCE FUND OF ANY ONE AUTHORIZED PURPOSE OBLIGATION MAY NOT
EXCEED 80 PERCENT OF THE TOTAL OF THE PRINCIPAL OF, REDEMPTION OR
PREPAYMENT PREMIUMS OR PENALTIES ON, AND INTEREST ON SUCH
AUTHORIZED PURPOSE OBLIGATION.
13-133.
THE AUTHORITY MAY AUTHORIZE THE EXECUTIVE DIRECTOR OF THE
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