Volume 795, Page 3088 View pdf image |
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Ch. 564 1997 LAWS OF MARYLAND BORROWER shall give to the Secretary at least 30 days advance notice and obtain his (e) (1) The loan agreement shall be recorded among the land records of the (2) Paragraph (1) of this subsection does not apply if a federally funded 5-707. (a) (1) In this section, the following words have the meanings indicated. (2) "Incubator" means any building of flexible design, owned or controlled (3) "New businesses" are businesses which have been in existence for no (4) "Project costs" may include planning and engineering studies, design (5) "State-financed research" means research financed in part with the (b) Any [political subdivision] BORROWER may apply to the Secretary for a loan (c) The application shall describe the project in such manner and detail as the the Secretary shall consider those factors set forth in § 5-704(b) of this subtitle as they (e) After the investigation the Secretary considers necessary, the Secretary may (f) On approval of the loan, the Secretary shall enter into a loan agreement with - 3088 -
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Volume 795, Page 3088 View pdf image |
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