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HARRY HUGHES, Governor 609
13-201.
(d) "[General] CONTRACT FINANCING Fund" means the Small
Business Development CONTRACT Financing Fund.
(g) "[Special] GUARANTY Fund" means the Small Business
Development [Special Long-Term Financing] GUARANTY Fund.
13-213.
The Authority shall:
(1) Keep proper records of its accounts;
(2) Keep separate records for the [general] CONTRACT
FINANCING fund and the [special] GUARANTY fund; and
(3) Make an annual report - on its condition and
operations to the Governor.
Part III. Small Business Development CONTRACT Financing
Fund and Small Business Development [Special Long-Term Financing]
GUARANTY Fund
13-218.
There is a Small Business Development CONTRACT Financing
Fund.
13-219.
The Authority shall use the [general] CONTRACT FINANCING
fund as a nonlapsing, revolving fund, for carrying out the
provisions of §§ 13-227 through 13-233 of this subtitle.
13-220.
(a) All of the following receipts of the Authority shall be
placed in the [general] CONTRACT FINANCING fund, including:
(1) Repayments of principal of and interest on direct
loans made pursuant to § 13-230 of this subtitle;
(2) Premiums for guaranteeing loans pursuant to §
13-228 of this subtitle;
(3) Premiums for guaranteeing equity investment
pursuant to § 13-229 of this subtitle;
(4) Proceeds from the sale, disposition, lease, or
rental of collateral by the authority relating to direct loans or
loan guarantees made pursuant to §§ 13-228 or 13-230 of this
subtitle; and
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