WILLIAM DONALD SCHAEFER, Governor

Ch. 11

13-306.

Annually, the State Treasurer shall report to the Department
as to:

(1)  The status of the money invested under this
[subheading] 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.

13-307.

Subject to the restrictions of this [subheading] 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.

13-308.

The Department may guarantee a loan made to an applicant
only if:

(1)  The applicant meets the qualifications required
by this [subheading] SUBTITLE;

(2)  The loan is to be used to finance a group or
family day care facility project; and

(3)  The loan to be guaranteed is to be used for
expansion or financing of a day care facility.

13-310.

(a) Except as provided in this [subheading] SUBTITLE, the
Department may set the terms and conditions for guarantees of
loans.                                                   

13-311.

If an applicant violates any provisions of the loan
guarantee agreement or ceases to meet the requirements of this
[subheading] SUBTITLE, on reasonable notice to the applicant, the
Department may:

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