WILLIAM DONALD SCHAEFER, Governor Ch. 731

(2)  An itemization of known and estimated costs;

(3)  The total amount of investment required to
perform the [government] contract;

(4)  The funds available to the applicant without
financial assistance from the Authority;

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

(6)  Information that relates to the inability of the
applicant to obtain adequate financing on reasonable terms
through normal lending channels;

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

(i) A current balance sheet;

(ii) A profit and loss statement; and

(iii) Credit references; and

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

(c) After receipt of an application for assistance from the
Contract Financing Fund, the Authority may determine by
resolution that an applicant shall provide an audited balance
sheet before the Authority makes its decision on the application.

(D) THE AUTHORITY MAY DELEGATE THE REVIEW AND APPROVAL OF
THE APPLICATION INFORMATION REQUIRED BY SUBSECTION (B)(1), (2),
AND (3) OF THIS SECTION TO THE EXECUTIVE DIRECTOR WHEN AN
APPLICANT MEETS ALL OTHER REQUIREMENTS OF THIS SECTION.

13-233.

(a)  The Authority may set the terms and conditions for
guarantees of loans which it elects to make pursuant to § 13-228.

(b)  (1) If the Authority decides to lend money from the
Contract Financing Fund to an applicant, the Authority shall
prepare loan documents which shall include:

(i) The rate of interest on the loan, which
shall equal the market rate for a conventional loan of comparable
risk unless the Authority finds that a lower rate better carries
out the purposes of this subtitle;

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