Ch. 248

LAWS OF MARYLAND

IF, AT ANY TIME, THE AMOUNT OF MONEY IN THE DIRECT LOAN FUND
EXCEEDS THE AMOUNT THAT THE DEPARTMENT CONSIDERS NECESSARY
CURRENTLY TO MEET ITS EXPENSES AND OBLIGATIONS, THE DEPARTMENT
SHALL DEPOSIT THE EXCESS MONEY WITH THE STATE TREASURER, WHO
SHALL INVEST THE MONEY IN THE MANNER PROVIDED FOR BY LAW.

6-2A-06.

ANNUALLY, THE STATE TREASURER SHALL REPORT TO THE DEPARTMENT
AS TO:

(1)  THE STATUS OF THE MONEY INVESTED UNDER THIS
SUBTITLE;

(2)  THE MARKET VALUE OF THE ASSETS IN THE DIRECT LOAN
FUND AS OF THE DATE OF THE REPORT; AND

(3)  THE INTEREST RECEIVED FROM INVESTMENTS FOR THE
DIRECT LOAN FUND DURING THE PERIOD COVERED BY THE REPORT.

6-2A-07.

SUBJECT TO THE RESTRICTIONS OF THIS SUBTITLE, THE
DEPARTMENT, ON APPLICATION, MAY PROVIDE A LOAN TO THE APPLICANT
FROM THE DIRECT LOAN FUND.

6-2A-08.

THE DEPARTMENT MAY MAKE A LOAN TO AN APPLICANT ONLY IF:

(1)  THE APPLICANT MEETS THE QUALIFICATIONS REQUIRED
BY THIS SUBTITLE; AND

(2)  THE LOAN IS TO BE USED FOR EXPANSION OR FINANCING
OF A CHILD CARE FACILITY.

6-2A-09.

(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 PROPOSED OR
EXISTING CHILD CARE FACILITY;

(2)  AN ITEMIZATION OF KNOWN AND ESTIMATED COSTS;

(3)  THE TOTAL AMOUNT OF INVESTMENT REQUIRED TO EXPAND
OR DEVELOP THE CHILD CARE FACILITY;

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