14-999.

ANNUALLY, THE STATE TREASURER SHALL REPORT TO THE BOARD AND THE
DIRECTOR AS TO:

(1) THE STATUS OF THE MONEY INVESTED UNDER THIS SUBTITLE;

(2) THE MARKET VALUE OF THE ASSETS IN THE FUND AS OF THE DATE
OF THE REPORT; AND

(3) THE INTEREST RECEIVED FROM INVESTMENTS DURING THE PERIOD
COVERED BY THE REPORT.

14-910. 14-909.

SUBJECT TO THE RESTRICTIONS § 14-912 14-911 OF THIS SUBTITLE, THE
BOARD, ON APPLICATION, MAY PROVIDE A GUARANTEE OF A LOAN OR A SUBSIDY OF
LOAN INTEREST FOR A LOAN MADE TO A QUALIFYING BORROWER

14-911. 14-910.

THE BOARD MAY GUARANTEE A LOAN OR PROVIDE A SUBSIDY FOR LOAN
INTEREST TO AN APPLICANT ONLY IF:

(1) THE APPLICANT MEETS THE QUALIFICATIONS REQUIRED IN § 14-912
§ 14-911 OF THIS SUBTITLE; AND

(2) THE LOAN TO BE GUARANTEED OR THE SUBSIDY FOR LOAN
INTEREST IS TO BE USED TO PURCHASE ASSISTIVE TECHNOLOGY.

14-912. 14-911.

(A) TO APPLY FOR FINANCIAL ASSISTANCE, AN APPLICANT SHALL SUBMIT TO
THE BOARD AN APPLICATION ON THE FORM PROVIDED BY THE DIRECTOR

(B) THE BOARD MAY ENTER INTO AGREEMENTS WITH A QUALIFYING
BORROWER WHO DEMONSTRATES:

(1) THAT THE LOAN OR SUBSIDY WILL BE USED TO ACQUIRE ASSISTIVE
TECHNOLOGY OR OTHER EQUIPMENT DESIGNED TO HELP ONE OR MORE
INDIVIDUALS WITH DISABILITIES TO IMPROVE THEIR INDEPENDENCE OR BECOME
MORE PRODUCTIVE MEMBERS OF THE COMMUNITY;

(2) THE ABILITY TO REPAY THE LOAN;

(3) CREDITWORTHINESS; AND

(4) INABILITY TO QUALIFY FOR A LOAN FROM A LENDING INSTITUTION
WITHOUT A LOAN GUARANTEE OR A SUBSIDY FOR OF LOAN INTEREST.

14-913. 14-912.

(A) EXCEPT AS PROVIDED IN THIS SUBTITLE, THE BOARD AND LENDER SHALL
JOINTLY DETERMINE THE AMOUNT AND TERMS OF THE GUARANTEE OF THE LOAN
OR THE SUBSIDY OF LOAN INTEREST.