Ch. 248                                          LAWS OF MARYLAND

(4)  MONEYS APPROPRIATED BY THE STATE TO THE GUARANTEE
FUND; AND

(5)  ANY OTHER MONEYS MADE AVAILABLE TO THE GUARANTEE
FUND.

(b)  The GUARANTEE Fund shall be used to pay all expenses
and disbursements authorized by the Department for ADMINISTERING
THE GUARANTEE FUND, AND financing[,] THE expansion[,] or
development of [group or family] day care facilities in this
State, including BY WAY OF EXAMPLE:

(1)  Guaranty payments required by loan defaults; and

(2)  Expenses for administrative, legal, actuarial,
TECHNICAL ASSISTANCE, and other services.

(c)  In guaranteeing loans under this subtitle,
consideration shall be given to:

(1)  Geographic distribution;

(2)  Community need; and

(3)  Community income, with priority given to those
communities with the lowest median family income.

6-205.

(a)  If, at any time, the amount of money in the GUARANTEE
Fund exceeds the amount that the Department considers necessary
currently to meet its expenses and obligations, the excess shall
be:

(1)  Deposited with the State Treasurer, to the credit
of the Fund; and

(2)  Invested in the manner provided for by law.

(b)  If, at any time, the amount of money in or credited to
[the Fund] THE GUARANTEE FUND exceeds the amount that the
Department considers necessary to meet its obligations, the
excess, on resolution of the Department, shall be paid to the
State Treasurer.

6-206.

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

(1) The status of the money invested under this
subtitle;

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