WILLIAM DONALD SCHAEFER, Governor                   Ch. 248

(2)  The market value of the assets in the GUARANTEE
Fund as of the date of the report; and

(3)  The interest received from investments during the
period covered by the report.

6-207.

Subject to the restrictions of this subtitle, the
Department, on application, may provide [to the applicant the
following types of financial assistance:

(1)  A] A guarantee of a loan made to the applicants
or

(2)  If the applicant is a corporation, a guarantee of
an equity investment in the applicant].

6-208.

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

(1)  The applicant meets the qualifications required
by this subtitle; AND

(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.

6-209.

(a)  To apply for financial assistance, an applicant shall
submit to the Department an application on the form that the
Department requires.

(b)  The application shall include:

(1)  A detailed description of the [project] PROPOSED
OR EXISTING DAY CARE FACILITY;

(2)  An itemization of known and estimated costs;

(3)  The total amount of investment required to
[perform the contract] EXPAND OR DEVELOP THE DAY CARE FACILITY;

(4)  The funds available to the applicant without loan'
guarantee assistance from the Department;

(5)  The amount of loan guarantee assistance sought
from the Department;

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