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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 4. MARYLAND INDUSTRIAL DEVELOPMENT FINANCING AUTHORITY |
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PART VI. LINKED DEPOSIT PROGRAM |
§ 5-457. Review
Latest version.
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In determining whether to accept a linked deposit loan package, the Authority shall confirm the eligibility of the applicant and consider:
(1) the number and kinds of jobs to be created or retained as a result of providing the linked deposit;
(2) the amount of the loan;
(3) the amount of money in the Fund and the amount committed to linked deposits;
(4) whether the availability of linked deposit financing is essential for the economic feasibility of the acquisition;
(5) the economic needs of the area in which the eligible business is located;
(6) the financial feasibility of the loan; and
(7) other factors that the Authority considers relevant.