VETOES

(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;

(6)  Information that relates to the inability of the
applicant to obtain [adequate] THE financing NECESSARY FOR THE
FACILITY on reasonable terms through normal lending channels;

(7)  Information that relates to the financial status
of the applicant, including, if applicable:

(i) A current [audited] balance sheet;

(ii) A profit and loss statement; and

(iii) Credit references; and

(8)  Any other relevant information that the
Department requests.

6-210.

(a)  Except as provided in this subtitle, the Department may
set the terms and conditions for guarantees of loans.

(b)  The total aggregate amount of the loan guarantee may
not exceed 80 percent of the loan.

(c)  The total aggregate amount of insurance from the [Loan]
Guarantee Fund, with respect to the insured portions of the loan,
may not exceed at any time an amount equal to 5 times the balance
in the [Loan] Guarantee Fund.

6-212.

(c) Any person or any aider and abettor, who violates any
provision of this subtitle, is guilty of a misdemeanor and on
conviction is subject to a fine not exceeding $50,000 or
imprisonment [in the penitentiary] not exceeding 5 years, or
both.

SUBTITLE 2A. CHILD CARE FACILITIES DIRECT LOAN FUND

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