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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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ECONOMIC DEVELOPMENT |
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DIVISION I. DEPARTMENT OF BUSINESS AND ECONOMIC DEVELOPMENT |
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TITLE 5. ECONOMIC DEVELOPMENT AND FINANCIAL ASSISTANCE PROGRAMS |
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SUBTITLE 10. MILITARY PERSONNEL AND VETERAN-OWNED SMALL BUSINESS NO-INTEREST LOAN PROGRAM. |
§ 5-1003. Purposes
Latest version.
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Loans shall be made under this subtitle for the purposes of:
(1) providing financial support to:
(i) a business owned by a military reservist or National Guard member who is called to active duty; or
(ii) a small business employer of a military reservist or National Guard member who is called to active duty;
(2) making the home, motor vehicle, or place of employment of a veteran accessible to individuals with disabilities, including purchasing equipment necessary to enable a business to employ a service-disabled veteran or to enable a service-disabled veteran to operate a business; and
(3) defraying other necessary expenses, as determined by the Department of Veterans Affairs, incurred by:
(i) a business employing a service-disabled veteran; or
(ii) a veteran-owned small business.