Ch. 115                                    2004 LAWS OF MARYLAND

(i) an interim report, on or before December 1, 2004, that defines a
strategy to implement a linked deposit program lending equity policy and may
incorporate the findings of the Governor's Task Force on Centralized Bidder
Registration for Minority Business Procurement; and

(ii) a final report on or before September 1, 2005.

Article—Financial Institutions

1-207.

(A) THE COMMISSIONER SHALL REQUIRE EACH BANKING INSTITUTION,
NATIONAL BANKING ASSOCIATION, OR OTHER STATE BANK SUBJECT TO
REGULATION BY THE STATE TO SUBMIT TO THE COMMISSIONER AND THE STATE
TREASURER A VERIFIABLE ANNUAL REPORT ON HIGHER EDUCATION LOANS AS
DESCRIBED UNDER TITLE 18, SUBTITLE 10 OF THE EDUCATION ARTICLE AND
COMMERCIAL LOANS TO MINORITY BUSINESS ENTERPRISES AS DESCRIBED UNDER
TITLE 14, SUBTITLE 3 OF THE STATE FINANCE AND PROCUREMENT ARTICLE.

(B) THE ANNUAL REPORT SHALL INCLUDE;

(1) THE TOTAL NUMBER OF HIGHER EDUCATION LOAN APPLICATIONS
THE INSTITUTION RECEIVED AND PROCESSED FOR THE YEAR;

(2) THE CUMULATIVE NUMBER OF HIGHER EDUCATION LOANS
APPROVED BY THE INSTITUTION FOR THE YEAR;

(3) THE CUMULATIVE DOLLAR AMOUNT GIVEN BY THE INSTITUTION
FOR HIGHER EDUCATION LOANS FOR THE YEAR;

(4) THE TOTAL NUMBER OF MINORITY BUSINESS ENTERPRISE
COMMERCIAL LOAN APPLICATIONS THE INSTITUTION RECEIVED AND PROCESSED
FOR THE YEAR;

(5) THE CUMULATIVE NUMBER OF MINORITY BUSINESS ENTERPRISE
COMMERCIAL LOANS APPROVED AND PROCESSED BY THE INSTITUTION FOR THE
YEAR; AND

(6) THE CUMULATIVE DOLLAR AMOUNT GIVEN BY THE INSTITUTION
FOR MINORITY BUSINESS ENTERPRISE COMMERCIAL LOANS FOR THE YEAR

Article—State Finance and Procurement

6-207.

(A) Before using a financial institution as a depositary, the Treasurer shall
consider the extent to which the financial institution [makes] MAKES;

(1) higher education loans under Title 18, Subtitle 10 of the Education
Article; AND

(2) COMMERCIAL LOANS TO MINORITY BUSINESS ENTERPRISES IN
EACH OF THE GROUPS DESCRIBED UNDER § 14-301(F) OF THIS ARTICLE.

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