WILLIAM DONALD SCHAEFER, Governor Ch. 823
5-607 13-907.

(A)  THE DEPARTMENT AND THE STATE ARE NOT LIABLE TO ANY
LENDER FOR PAYMENT OF THE PRINCIPAL OR INTEREST ON A LOAN TO AN
ELIGIBLE BUSINESS.

(B)  A DELAY IN PAYMENT OR DEFAULT BY AN ELIGIBLE BUSINESS
DOES NOT AFFECT THE DEPOSIT AGREEMENT BETWEEN THE LENDER AND THE
DEPARTMENT.

5-608 13-908.

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

5-699 13-909.

A PERSON WHO IS CONVICTED OF KNOWINGLY MAKING A FALSE
STATEMENT IN CONNECTION WITH LINKED DEPOSIT FINANCING UNDER THIS
SUBTITLE SHALL THEREAFTER BE PROHIBITED FROM RECEIVING OR
PARTICIPATING IN LINKED DEPOSIT FINANCING BE GUILTY OF A
MISDEMEANOR AND SUBJECT TO A FINE OF NOT MORE THAN $10,000, 1
YEAR IMPRISONMENT, OR BOTH.

13-910.

THE DEPARTMENT MAY ADOPT REGULATIONS TO IMPLEMENT THIS
PROGRAM.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1989.

Approved May 25, 1989.

CHAPTER 823

(House Bill 1186)

AN ACT concerning

Tidal Fish License - Exemption from Waiting Period

FOR the purpose of exempting from certain requirements for a new
tidal fish license certain persons who successfully complete
a certain course of study in commercial fisheries; deleting

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