Volume 773, Page 3622 View pdf image |
S.B. 543 VETOES (a) The Authority may utilize the Guaranty Fund to guarantee up to 80 percent of (1) The applicant meets the requirements of § 13-231 and has not violated (2) The loan amount is not less than $5,000 and the maximum amount (3) [The loan is to be used by the applicant for] THE PURPOSES FOR (i) Working capital; (ii) The acquisition and related installation of machinery or (iii) Necessary improvements to real property LEASED OR owned in (IV) THE ACQUISITION OF REAL PROPERTY TO BE OWNED IN FEE 1. THE REAL PROPERTY IS TO BE USED IN THE OPERATION 2. A LIEN IS PLACED ON THE REAL PROPERTY BY THE (4) The loan shall mature in not more than 10 years from the date of closing (5) The rate of interest on the loan is no greater than the rate of interest SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect May 26, 1994 The Honorable Thomas V. Mike Miller, Jr. President of the Senate State House Annapolis, Maryland 21401 Dear Mr. President: - 3622 -
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Volume 773, Page 3622 View pdf image |
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