WILLIAM DONALD SCHAEFER, Governor

GOVERNMENT OR A UTILITY REGULATED BY THE PUBLIC SERVICE
COMMISSION.

(b)  The term of a guaranty under this Part VI may not
exceed the contract term.

(c)  The Authority may vary the terms and conditions of the
guaranty from surety to surety, based upon the Authority's
history of experience with that surety and upon any other factor
that the Authority considers relevant.

(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;

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