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Ch. 91
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LAWS OF MARYLAND
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610
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(5) Income from investments allocable to the
[general] CONTRACT FINANCING fund that the State Treasurer, on
instruction of the Authority, makes for the Authority under §
13-222 of this subtitle.
(b) The Authority shall use the [general] CONTRACT
FINANCING fund to pay all of the following expenses and
disbursements of the Authority:
(1) Direct loans made pursuant to § 13-230 of this
subtitle;
(2) Guaranty payments required by defaults pursuant
to §§ 13-228 or 13-229 of this subtitle; and
(3) Expenses for administrative, legal, actuarial,
and other services.
13-221.
(a) If the Authority and the Secretary find that more money
is needed to keep the reserves of the [general] CONTRACT
FINANCING fund at an adequate level, the Authority shall send to
the Board of Public Works a written request for the additional
money.
13-221.1.
There is a Small Business Development [Special Long-Term
Financing] GUARANTY Fund, established as a nonlapsing, revolving
fund for carrying out the provisions of 13-233.1 through
13-233.4 of this subtitle.
13-221.2.
(a) All of the following receipts of the Authority shall be
placed in the [special] GUARANTY fund:
(1) Loans and grants from the federal government and
any of its agencies and instrumentalities;
(2) Grants and contributions of funds from any
political subdivision or government organization of the State or
from any other source;
(3) Premiums for guaranteeing long-term loans
pursuant to § 13-233.2 of this section;
(4) Proceeds from the sale, disposition, lease, or
rental of collateral by the Authority relating to loans
guaranteed pursuant to § 13-233.2 of this subtitle;
(5) Income from investments allocable to the
[special] GUARANTY fund that the State Treasurer, on instruction
of the Authority, makes for the Authority under § 13-222 of this
subtitle.
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