VETOES

(3) The applicant is a [citizen of the United States]
RESIDENT OF MARYLAND, OR HAS HIS PRINCIPAL PLACE OF BUSINESS IN
MARYLAND; and--------------------------------------

(4) The applicant is unable to obtain adequate
business financing on reasonable terms through normal lending
channels because the applicant:

(i) Belongs to a group that historically has
been deprived of access to normal economic or financial resources
because of race, color, creed, sex, religion, or national origin;

(ii) Has an identifiable physical handicap that
severely limits the ability of the applicant to obtain financial
assistance, but does not limit the ability of the applicant to
perform the government contract or other activity for which the
applicant would be receiving financia1 assistance; or

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(iii) Has any other social or economic
impediment that is beyond the personal control of the applicant,
such as lack of formal education or financial capacity or
geographical or regional economic distress but that does not

13-234.

(a)  In Part VI of this subtitle the following words have
the meanings indicated.

(b)  "Authority" means the Maryland Small Business
Development Financing Authority.

(C) "CONTRACT TERM" MEANS THE TERM OF THE GOVERNMENT
CONTRACT INCLUDING THE MAINTENANCE OR WARRANTY PERIOD OF UP TO 2
YEARS FROM THE DATE ON WHICH FINAL PAYMENT UNDER THE CONTRACT IS
DUE.

[(c)] (D) "Fund" means the Small Business Surety Bond
Guaranty Fund.

[(d)] (E) "Principal" means a small business entity that

has assets, income or employees that do not exceed limits

established by the Authority pursuant to regulation or
administrative determination.

[(e)] (F) "Program" means the Small Business Surety Bond
Guaranty Program created by Part VI of this subtitle.

13-234.3.

limit the ability of the applicant to perform the government
contract or other activity for which the applicant would be
receiving financial assistance.