reglab/housing_qa huggingface dataset:
MD. Economic Development Code Ann. §  5-510 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 5 - Maryland Small Business Development Financing Authority|Part II - Maryland Small Business Development Financing Authority|Section 5-510 - Conflicts of Interest

    A member of the Authority may not participate in any decision related to the approval of financial assistance if the member has any interest in:         (1)    the applicant for the assistance; or        (2)    the financial institution seeking a guaranty or an interest subsidy or both.
MD. Economic Development Code Ann. §  5-511 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 5 - Maryland Small Business Development Financing Authority|Part II - Maryland Small Business Development Financing Authority|Section 5-511 - Administration of Programs; Contracts; Private Corporation

    (a)    In this section, “Authority staff” means any of the individuals who are employed by the Department to operate the programs of the Authority immediately prior to the execution by the Department of a contract under this section with the private corporation organized by any of those individuals.    (b)    (1)    The Department may contract for and engage the services of some or all of the Authority staff to administer the programs of the Authority, for a period of 3 years, if the Authority staff has organized itself as a private Maryland corporation.        (2)    The Department may:            (i)    extend the termination date of the contract in effect as of September 30, 2008 to June 30, 2012, and modify that extended contract as needed; and            (ii)    renew the extended contract for up to two additional 5-year terms, and modify that renewed and extended contract as needed.        (3)    An extension or renewal contract shall include standards to evaluate the performance of the private contractor in rendering services under the contract.    (c)    In its name the corporation may use “Maryland Small Business Development Financing Agency”, “MSBDFA, Inc.”, or any close approximation of those terms.
MD. Economic Development Code Ann. §  5-512 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 5 - Maryland Small Business Development Financing Authority|Part II - Maryland Small Business Development Financing Authority|Section 5-512 - Powers and Duties

    (a)    The Authority exercises its powers and performs its duties subject to the authority of the Secretary.    (b)    The Authority may:        (1)    adopt bylaws for the conduct of its business;        (2)    adopt a seal;        (3)    maintain offices in the State;        (4)    sue and be sued in its own name;        (5)    retain consultants;        (6)    use the services of governmental units;        (7)    contract for and accept, to carry out this subtitle, a loan or grant from the federal government, a political subdivision of the State, or any other source;        (8)    purchase, receive, lease as lessee, or otherwise acquire, sell, mortgage, lease as lessor, pledge, administer, dispose of, or otherwise deal with property given as collateral under a loan agreement on the terms and conditions it considers advisable;        (9)    adopt regulations necessary to carry out its powers;        (10)    acquire or take assignments of loan documents; and        (11)    do anything necessary or convenient to carry out its powers.    (c)    The Authority shall:        (1)    in its internal functions, follow the procedures of the State that govern the purchase of office space, supplies, facilities, materials, equipment, and professional services;        (2)    keep proper records of its accounts;        (3)    keep separate records for:            (i)    the Small Business Development Contract Financing Fund under Part III of this subtitle;            (ii)    the Small Business Development Guaranty Fund under Part IV of this subtitle;            (iii)    the Equity Participation Investment Program Fund under Part V of this subtitle; and            (iv)    the Small Business Surety Bond Fund under Part VI of this subtitle; and        (4)    in accordance with § 2.5–109 of this article, submit a report on its condition and operations.
MD. Economic Development Code Ann. §  5-513 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 5 - Maryland Small Business Development Financing Authority|Part II - Maryland Small Business Development Financing Authority|Section 5-513 - Service of Process

    (a)    In any action, service of process on the Authority shall be made by service on the Executive Director of the Authority.    (b)    Service may be made in person or by leaving a copy of the process at the office of the Executive Director with the individual in charge of the office.
MD. Economic Development Code Ann. §  5-514 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 5 - Maryland Small Business Development Financing Authority|Part II - Maryland Small Business Development Financing Authority|Section 5-514 - Certain Receipts Payable

    (a)    Notwithstanding § 10–469(e) and (f) of this article or any other law, the following money shall be payable into the funds under this subtitle:        (1)    any recovery of investments made under § 10–469 of this article that were funded by a transfer of money from the funds under this subtitle to the Enterprise Fund, including an investment in MMG Ventures LLP; and        (2)    any repayment of a grant made under § 10–469 of this article that was funded by a transfer of money from the funds under this subtitle to the Enterprise Fund.    (b)    The Authority shall determine the proportion of the recovery or repayment payable under subsection (a) of this section that shall be deposited into each of the funds under this subtitle.
MD. Economic Development Code Ann. §  5-517 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 5 - Maryland Small Business Development Financing Authority|Part III - Small Business Development Contract Financing Fund|Section 5-517 - "Fund" Defined

    In this part, “Fund” means the Small Business Development Contract Financing Fund.
MD. Economic Development Code Ann. §  5-518 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 5 - Maryland Small Business Development Financing Authority|Part III - Small Business Development Contract Financing Fund|Section 5-518 - Established

    There is a Small Business Development Contract Financing Fund.
MD. Economic Development Code Ann. §  5-519 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 5 - Maryland Small Business Development Financing Authority|Part III - Small Business Development Contract Financing Fund|Section 5-519 - Purpose

    The Authority shall use the Fund to implement this part.
MD. Economic Development Code Ann. §  5-520 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 5 - Maryland Small Business Development Financing Authority|Part III - Small Business Development Contract Financing Fund|Section 5-520 - Administration

    The Authority shall administer the Fund.
MD. Economic Development Code Ann. §  5-521 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 5 - Maryland Small Business Development Financing Authority|Part III - Small Business Development Contract Financing Fund|Section 5-521 - Status; Investment; Payment

    (a)    The Fund is a special, nonlapsing fund that is not subject to reversion under § 7-302 of the State Finance and Procurement Article.    (b)    The Treasurer shall:        (1)    invest the money in the Fund in the same manner as other State money may be invested; and        (2)    credit any investment earnings to the Fund.    (c)    If the Authority determines by resolution that any money in the Fund is no longer needed to meet its obligations, the Authority may authorize the Comptroller to first employ that money to pay the principal of and interest on outstanding bonds issued under any Act authorizing the issue of State general obligation bonds issued to implement this subtitle.
MD. Economic Development Code Ann. §  5-522 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 5 - Maryland Small Business Development Financing Authority|Part III - Small Business Development Contract Financing Fund|Section 5-522 - Composition

    The Fund consists of:         (1)    premiums for guaranteeing loans under § 5-525(a) of this subtitle;        (2)    premiums for guaranteeing equity investments under § 5-525(b) of this subtitle;        (3)    repayments of principal of and interest on direct loans made under § 5-525(c) of this subtitle;        (4)    proceeds from the sale, disposition, lease, or rental of collateral for direct loans or loan guaranties made under § 5-525 of this subtitle; and        (5)    all other receipts of the Authority under this part.
MD. Economic Development Code Ann. §  5-523 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 5 - Maryland Small Business Development Financing Authority|Part III - Small Business Development Contract Financing Fund|Section 5-523 - Additional Money

    (a)    If the Authority and the Secretary determine that more money is needed to keep the Fund at an adequate level, the Authority shall send a written request for the additional money to the Board of Public Works.    (b)    The Board of Public Works may pay the amount requested from the General Emergency Fund.
MD. Economic Development Code Ann. §  5-524 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 5 - Maryland Small Business Development Financing Authority|Part III - Small Business Development Contract Financing Fund|Section 5-524 - Uses

    The Authority may use the Fund for:         (1)    loan guaranties made under § 5-525(a) of this subtitle;        (2)    equity investment guaranties made under § 5-525(b) of this subtitle;        (3)    direct loans made under § 5-525(c) of this subtitle; and        (4)    expenses for administrative, legal, actuarial, and other services.
MD. Economic Development Code Ann. §  5-526 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 5 - Maryland Small Business Development Financing Authority|Part III - Small Business Development Contract Financing Fund|Section 5-526 - Financial Assistance -- Applicants

    (a)    If the applicant is an individual, to qualify for financial assistance under this part the applicant shall satisfy the Authority that:        (1)    the applicant is of good moral character;        (2)    the applicant has a reputation for financial responsibility, as determined from creditors, employers, and other individuals who have personal knowledge of the applicant;        (3)    the applicant is a resident of the State or the principal place of business of the applicant is in the State; and        (4)    the applicant is unable to obtain adequate business financing on reasonable terms through normal lending channels because the applicant:            (i)    belongs to a group that historically has been deprived of access to normal economic or financial resources because of race, color, creed, sex, religion, or national origin;            (ii)    has an identifiable physical handicap that severely limits the ability of the applicant to obtain financial assistance, but that does not limit the ability of the applicant to perform the contract or other activity for which the applicant would be receiving financial assistance;            (iii)    has any other social or economic impediment that is beyond the control of the applicant but that does not limit the ability of the applicant to perform the contract or other activity for which the applicant would be receiving financial assistance, including:                1.    the lack of formal education or financial capacity; or                2.    geographical or regional economic distress; or            (iv)    does not meet the established credit criteria of at least one financial institution.    (b)    If the applicant is a business enterprise that is not a sole proprietorship, to qualify for financial assistance under this part at least 70% of the business enterprise shall be owned by individuals who meet the qualifications for an individual applicant under subsection (a) of this section.    (c)    An applicant for a loan guaranty shall have applied for and been denied a loan by a financial institution.
MD. Economic Development Code Ann. §  5-527 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 5 - Maryland Small Business Development Financing Authority|Part III - Small Business Development Contract Financing Fund|Section 5-527 - Financial Assistance -- Application Procedures

    (a)    To apply for financial assistance from the Fund under § 5-525 of this subtitle, an applicant shall submit to the Authority an application on the form that the Authority provides.    (b)    The application shall:        (1)    describe the project in detail;        (2)    itemize known and estimated costs;        (3)    specify the total amount of investment required to perform the contract;        (4)    specify the amount of funds available to the applicant without financial assistance from the Authority;        (5)    specify the amount of financial assistance requested from the Authority;        (6)    provide information that demonstrates the inability of the applicant to obtain adequate financing on reasonable terms through normal lending channels;        (7)    provide information that demonstrates the financial status of the applicant, including:            (i)    a current balance sheet;            (ii)    a profit and loss statement; and            (iii)    credit references; and        (8)    contain any other relevant information that the Authority requires.    (c)    The Authority may require an applicant to provide an audited balance sheet before the Authority approves or denies the application.    (d)    The Authority may delegate the review and approval of the application information required under subsection (b)(1), (2), and (3) of this section to the Executive Director if an applicant meets all other requirements of this section.
MD. Economic Development Code Ann. §  5-528 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 5 - Maryland Small Business Development Financing Authority|Part III - Small Business Development Contract Financing Fund|Section 5-528 - Financial Assistance -- Terms

    (a)    The Authority may set the terms and conditions for a loan guaranty made under § 5-525(a) of this subtitle.    (b)    (1)    If the Authority decides to lend money from the Fund to an applicant under § 5-525(c) of this subtitle, the Authority shall prepare loan documents that include:            (i)    the interest rate on the loan that equals the market rate for a conventional loan of comparable risk unless the Authority determines that a lower rate better serves the purposes of this subtitle;            (ii)    a disbursement schedule that provides enough money to the applicant when the applicant needs it to perform the contract;            (iii)    a requirement that the applicant and the Authority co-sign each request for an advance of money before release of the money; and            (iv)    provisions for repayment of the loan.        (2)    The loan documents may include any other provision that the Authority determines is necessary to secure the loan, including an assignment of or a lien on payment under the contract.
MD. Economic Development Code Ann. §  5-529 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 5 - Maryland Small Business Development Financing Authority|Part III - Small Business Development Contract Financing Fund|Section 5-529 - Annual Report

    The Treasurer shall report each year to the Authority on:         (1)    the status of the money invested under § 5-521 of 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.
MD. Economic Development Code Ann. §  5-530 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 5 - Maryland Small Business Development Financing Authority|Part III - Small Business Development Contract Financing Fund|Section 5-530 - Prohibited Acts -- Penalty

    (a)    A person may not knowingly make or cause to be made a false statement or report in an application or document submitted to the Authority under this part.    (b)    A person may not knowingly make or cause to be made a false statement or report to influence an action of the Authority under this part:        (1)    on an application for financial assistance; or        (2)    affecting financial assistance whether or not the assistance has already been extended.    (c)    A person who violates this section is guilty of a misdemeanor and on conviction is subject to imprisonment not exceeding 5 years or a fine not exceeding $50,000 or both.
MD. Economic Development Code Ann. §  5-533 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 5 - Maryland Small Business Development Financing Authority|Part IV - Small Business Development Guaranty Fund|Section 5-533 - "Fund" Defined

    In this part, “Fund” means the Small Business Development Guaranty Fund.
MD. Economic Development Code Ann. §  5-534 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 5 - Maryland Small Business Development Financing Authority|Part IV - Small Business Development Guaranty Fund|Section 5-534 - Established

    There is a Small Business Development Guaranty Fund.
MD. Economic Development Code Ann. §  5-535 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 5 - Maryland Small Business Development Financing Authority|Part IV - Small Business Development Guaranty Fund|Section 5-535 - Purpose

    The Authority shall use the Fund to implement this part.
MD. Economic Development Code Ann. §  5-536 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 5 - Maryland Small Business Development Financing Authority|Part IV - Small Business Development Guaranty Fund|Section 5-536 - Administration

    The Authority shall administer the Fund.
MD. Economic Development Code Ann. §  5-537 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 5 - Maryland Small Business Development Financing Authority|Part IV - Small Business Development Guaranty Fund|Section 5-537 - Status; Investment; Payment

    (a)    The Fund is a special, nonlapsing fund that is not subject to reversion under § 7-302 of the State Finance and Procurement Article.    (b)    The Treasurer shall:        (1)    invest the money in the Fund in the same manner as other State money may be invested; and        (2)    credit any investment earnings to the Fund.    (c)    If the Authority determines by resolution that any money in the Fund is no longer needed to meet its obligations, the Authority may authorize the Comptroller to first apply that money to pay the principal of and interest on outstanding bonds issued under any Act authorizing the issue of State general obligation bonds issued to implement this subtitle.
MD. Economic Development Code Ann. §  5-538 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 5 - Maryland Small Business Development Financing Authority|Part IV - Small Business Development Guaranty Fund|Section 5-538 - Composition

    The Fund consists of:         (1)    loans and grants from the federal government or a unit or instrumentality of the federal government;        (2)    grants and contributions of funds from the State, a political subdivision, or any other source;        (3)    premiums for guaranteeing long-term loans under § 5-540 of this subtitle;        (4)    proceeds from the sale, disposition, lease, or rental of collateral by the Authority relating to loans guaranteed under § 5-540 of this subtitle; and        (5)    all other receipts of the Authority under this part.
MD. Economic Development Code Ann. §  5-539 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 5 - Maryland Small Business Development Financing Authority|Part IV - Small Business Development Guaranty Fund|Section 5-539 - Uses

    The Authority may use the Fund for:         (1)    guaranty payments made under § 5-540(a) of this subtitle;        (2)    interest subsidy payments under § 5-540(b) of this subtitle; and        (3)    expenses for administrative, legal, actuarial, and other services.