2478                                             LAWS OF MARYLAND                                        Ch. 426

(1)  A DETAILED DESCRIPTION OF THE GOVERNMENT PROJECT;

(2)  AN ITEMIZATION OF KNOWN AND ESTIMATED COSTS;

(3)  THE TOTAL AMOUNT OF INVESTMENT REQUIRED TO
PERFORM THE GOVERNMENT CONTRACT;

(4)  THE FUNDS AVAILABLE TO THE PRINCIPAL FOR WORKING
CAPITAL;

(5) THE AMOUNT OF BONDING ASSISTANCE SOUGHT FROM THE
AUTHORITY;

(6)   INFORMATION THAT RELATES TO THE INABILITY OF THE
PRINCIPAL TO OBTAIN ADEQUATE BONDING ON REASONABLE TERMS THROUGH
NORMAL INSURANCE CHANNELS;

(7)   INFORMATION THAT RELATES TO THE FINANCIAL STATUS
OF THE PRINCIPAL, INCLUDING:

(I)  A CURRENT BALANCE SHEET;

(II)  A PROFIT AND LOSS STATEMENT; AND

(III)  CREDIT REFERENCES; AND

(8)  A SCHEDULE OF ALL EXISTING AND PENDING CONTRACTS
AND THE CURRENT STATUS OF EACH; AND

(8)(9) ANY OTHER RELEVANT INFORMATION THAT THE
AUTHORITY REQUESTS.

(C) AFTER RECEIPT OF AN APPLICATION FOR ASSISTANCE FROM THE
MARYLAND SMALL BUSINESS SURETY BOND GUARANTEE PROGRAM, THE
AUTHORITY MAY DETERMINE BY RESOLUTION THAT A PRINCIPAL SHALL
PROVIDE AN AUDITED BALANCE SHEET BEFORE THE AUTHORITY MAKES ITS
DECISION ON THE APPLICATION.

13-234.5.

A SURETY WHOSE BOND IS GUARANTEED UNDER § 13-234.1 OR §
13-234.2 OF THIS PART VI MAY NOT CHARGE A PRINCIPAL A PREMIUM
GREATER THAN 1/2 OF 1 PERCENT OF THE TOTAL FACE VALUE OF THE
BOND.

13-234.7.

(A) THE AUTHORITY MAY, IN ITS SOLE AND ABSOLUTE DISCRETION,
SET THE PREMIUMS AND FEES TO BE PAID TO IT FOR PROVIDING BONDING
ASSISTANCE UNDER THIS PROGRAM.

(B) THE PREMIUMS AND FEES SET BY THE AUTHORITY SHALL BE
PAYABLE IN THE AMOUNTS, AT THE TIME AND IN THE MANNER THAT THE
AUTHORITY, IN ITS SOLE AND ABSOLUTE DISCRETION, REQUIRES.