Volume 793, Page 1627 View pdf image |
PARRIS N. GLENDENING, Governor Ch. 120 [6-206.] 6-106. Annually, the State Treasurer shall report to the Department as to: (1) The status of the money invested under this subtitle; (2) The market value of the assets in the Guarantee Fund as of the date of (3) The interest received from investments during the period covered by the [6-207.] 6-107. Subject to the restrictions of this subtitle, the Department, on application, may [6-208.] 6-108. The Department may guarantee a loan made to an applicant only if: (1) The applicant meets the qualifications required by this subtitle; and (2) The loan to be guaranteed is to be used for expansion or financing of a [6-209.] 6-109, (a) To apply for financial assistance, an applicant shall submit to the Department (b) The application shall include: (1) A detailed description of the proposed or existing day care facility; (2) An itemization of known and estimated costs; (3) The total amount of investment required to expand or develop the day (4) The funds available to the applicant without loan guarantee assistance (5) The amount of loan guarantee assistance sought from the Department; (6) Information that relates to the inability of the applicant to obtain the (7) Information that relates to the financial status of the applicant, (i) A current balance sheet; (ii) A profit and loss statement; and (iii) Credit references; and - 1627 -
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Volume 793, Page 1627 View pdf image |
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