Ch. 715                                          LAWS OF MARYLAND

(d) (1) The Authority may not approve a guarantee under
this Part VI unless the Authority considers the economic impact
of the contract, for which a bond is sought to be guaranteed, to
be substantial.

(2) To determine the economic impact of a contract,
the Authority may consider:

(i) The amount of the guarantee obligation;

(ii) The terms of the bond to be guaranteed;

(iii) The number of new jobs that will be
created by the contract to be bonded; and

(iv) Any other factor that the Authority
considers relevant.

13-234.6.

(a)  To apply for financial assistance from the Maryland
Small Business Surety Bond Guaranty Program pursuant to §§ 13-234
through 13-234.5 of this subtitle, a principal and surety shall
submit to the Authority an application on the form that the
Authority provides.

(b)  The application shall include:

(1)  A detailed description of the government OR
UTILITY project;

(2)  An itemization of known and estimated costs;

(3)  The total amount of investment required to
perform the government OR UTILITY contract;

(4)  The funds available to the principal for working
capital;

(5)  The amount of bonding assistance sought from the
Authority;

(6)  Information that relates to the inability of the
principal to obtain adequate bonding on reasonable terms through
normal channels;

(7)  Information that relates to the financial status
of the principal, including:

(i) A current balance sheet;

(ii) A profit and loss statement; and

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