reglab/housing_qa huggingface dataset:
MD. Economic Development Code Ann. §  5-446 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 4 - Maryland Industrial Development Financing Authority|Part V - Projects|Section 5-446 - Energy Project -- Considerations; Promotion

    (a)    In awarding financial assistance under this subtitle for an energy project, the Authority shall consider whether the energy project would:        (1)    reduce the consumption of petroleum and other energy sources;        (2)    increase the energy supply available in the State;        (3)    increase employment and economic activity in the State;        (4)    use sound technology and be economically feasible;        (5)    minimize harm to the environment; and        (6)    make the most use of federal financial assistance programs for energy projects.    (b)    The Authority shall:        (1)    promote programs of financial assistance for energy projects established under this subtitle;        (2)    inform consumers, the private sector, and financial institutions about these programs and actively seek their participation;        (3)    develop and disseminate descriptions of its programs of financial assistance for energy projects; and        (4)    serve as a clearinghouse for information on federal and State programs of financial assistance for energy projects.
MD. Economic Development Code Ann. §  5-447 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 4 - Maryland Industrial Development Financing Authority|Part V - Projects|Section 5-447 - Energy Conservation Project

    A project involving a commercial building, an industrial building, or an industrial process qualifies as an energy conservation project if it consists of:         (1)    the purchase, installation, or modification of an installation that is designed primarily to reduce the consumption of energy, including:            (i)    caulking or weather stripping;            (ii)    insulating the building structure or a system in the building;            (iii)    a storm window or door, a multiglazed window or door, a heat-absorbing or heat-reflecting window or door system, glazing, a reduction in glass area, or another window or door system modification;            (iv)    an automatic energy control system;            (v)    equipment that is associated with an automatic energy control system and that is required to operate a variable steam, hydraulic, or ventilation system;            (vi)    the replacement or modification of a lighting system to increase energy efficiency;            (vii)    an energy recovery system;            (viii)    a cogeneration system;            (ix)    a system for processing or converting the waste products of the industrial process to steam, electricity, heat, or other useful form of energy;            (x)    an improvement to the industrial process that reduces the energy requirements for each unit of output;            (xi)    a modification of a furnace or utility plant and distribution system including:                1.    a replacement burner, furnace, or boiler or any combination of them that increases the energy efficiency of the heating system;                2.    a device for modifying a flue opening that increases the energy efficiency of the heating system; and                3.    an electrical or mechanical furnace ignition system that replaces a standing gas pilot light; or            (xii)    any other energy conservation improvement that the Authority determines by regulation to be appropriate and consistent with this subtitle; or        (2)    a planning or technical service or an energy audit, if the service or audit is related to or undertaken with the installation, or the modification of an installation of an item specified in item (1) of this section.
MD. Economic Development Code Ann. §  5-448 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 4 - Maryland Industrial Development Financing Authority|Part V - Projects|Section 5-448 - Solar Energy Project

    (a)    A project qualifies as a solar energy project if it:        (1)    is an addition, alteration, or improvement to a commercial building or industrial building; and        (2)    is designed to reduce the energy requirements of the building by using:            (i)    wind energy;            (ii)    energy from a wood-burning appliance; or            (iii)    solar energy of:                1.    the active type based on mechanically forced energy transfer;                2.    the passive type based on convective, conductive, or radiant energy transfer; or                3.    a combination of these types.    (b)    A solar energy project may include:        (1)    a solar process heat device;        (2)    a solar electric device; and        (3)    an earth-sheltered building in which the sheltering substantially reduces the consumption of energy by the building.
MD. Economic Development Code Ann. §  5-451 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 4 - Maryland Industrial Development Financing Authority|Part VI - Linked Deposit Program|Section 5-451 - Definitions

    (a)    In this part the following words have the meanings indicated.    (b)    “Applicant” means the eligible business applying for fixed asset financing assisted by a linked deposit.    (c)    “Eligible business” means a for–profit business that:        (1)    is located in a qualified distressed county;        (2)    is in good standing with each State regulatory authority with jurisdiction over the business of the applicant, including the State Workers’ Compensation Commission, the Department of Assessments and Taxation, and the Maryland Department of Labor; and        (3)    employs 500 or fewer employees.    (d)    (1)    “Fixed asset financing” means a commercial loan to finance:            (i)    the acquisition or improvement of all or part of a building;            (ii)    the acquisition or improvement of the land for the building if not already owned by the applicant; or            (iii)    the acquisition or improvement of equipment.        (2)    “Fixed asset financing” does not include refinancing an existing debt.    (e)    “Lender” means a financial institution that:        (1)    is eligible to make commercial loans;        (2)    is a public depository of State funds;        (3)    agrees to receive linked deposits under this part; and        (4)    is insured by the Federal Deposit Insurance Corporation.    (f)    “Linked deposit” means a deposit that the Authority places with a lender that earns interest below the prevailing market rate for equivalent deposits made with the lender at the time of the deposit.    (g)    “Program” means the Linked Deposit Program established under § 5–452 of this subtitle.
MD. Economic Development Code Ann. §  5-452 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 4 - Maryland Industrial Development Financing Authority|Part VI - Linked Deposit Program|Section 5-452 - Established

    There is a Linked Deposit Program in the Department.
MD. Economic Development Code Ann. §  5-453 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 4 - Maryland Industrial Development Financing Authority|Part VI - Linked Deposit Program|Section 5-453 - Purpose

    (a)    The purpose of the Program is to stimulate economic and employment growth in rural areas of the State with high unemployment.    (b)    (1)    The Program shall assist eligible businesses to obtain a loan at below market rates.        (2)    An eligible business may use a Program loan to acquire land, buildings, and equipment.        (3)    An acquisition made by an eligible business with a Program loan shall be used to create or retain employment opportunities in a rural area.
MD. Economic Development Code Ann. §  5-454 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 4 - Maryland Industrial Development Financing Authority|Part VI - Linked Deposit Program|Section 5-454 - Placement

    The Authority may place a linked deposit with a lender in accordance with this part.
MD. Economic Development Code Ann. §  5-455 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 4 - Maryland Industrial Development Financing Authority|Part VI - Linked Deposit Program|Section 5-455 - Application

    (a)    To obtain fixed asset financing under this part, an eligible business shall apply to a lender for fixed asset financing.    (b)    Fixed asset financing under this part may not exceed $500,000 for an eligible business.    (c)    In addition to the information that the lender requires in its standard loan application, the applicant shall provide to the lender, in a form that the Authority prescribes:        (1)    a certification, with supporting documentation, that the applicant is an eligible business; and        (2)    a description of the number and kinds of jobs to be created or retained as a result of providing the linked deposit.
MD. Economic Development Code Ann. §  5-456 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 4 - Maryland Industrial Development Financing Authority|Part VI - Linked Deposit Program|Section 5-456 - Conditional Approval

    (a)    On conditional approval of a fixed asset financing loan application under this part, the lender shall forward the loan package to the Authority.    (b)    In addition to any other information the Authority reasonably requires to carry out the purposes of this part, the linked deposit loan package shall include the information required of the applicant under § 5-455(c) of this subtitle.    (c)    By forwarding the loan package to the Authority, the lender is not representing to the Authority that information in the loan package that relates to the applicant is accurate or valid.
MD. Economic Development Code Ann. §  5-457 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 4 - Maryland Industrial Development Financing Authority|Part VI - Linked Deposit Program|Section 5-457 - Review

    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.
MD. Economic Development Code Ann. §  5-458 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 4 - Maryland Industrial Development Financing Authority|Part VI - Linked Deposit Program|Section 5-458 - Payment Schedule

    If the Authority accepts a linked deposit loan package forwarded from a lender, the Authority and the lender shall make an agreement that sets the amount of, the term of, and the schedule for payment of the principal of and interest on the linked deposit.
MD. Economic Development Code Ann. §  5-459 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 4 - Maryland Industrial Development Financing Authority|Part VI - Linked Deposit Program|Section 5-459 - Loan Commitment

    On receiving linked deposit approval from the Authority, the lender shall issue a loan commitment to the applicant that provides that the interest rate on the financing will be below the prevailing market rate to the same extent and for as long as interest earned on the linked deposit is below interest earned on other equivalent deposits with the lender at the time of the deposit.
MD. Economic Development Code Ann. §  5-460 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 4 - Maryland Industrial Development Financing Authority|Part VI - Linked Deposit Program|Section 5-460 - State Not Liable

    (a)    A fixed asset financing loan assisted by a linked deposit is not a debt of the State or a pledge of the credit of the State.    (b)    The Authority and, in accordance with § 5-521 of the Courts Article, the Department and the State are not liable to a lender for payment of the principal or interest on a fixed asset financing loan assisted by a linked deposit under this part.
MD. Economic Development Code Ann. §  5-463 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 4 - Maryland Industrial Development Financing Authority|Part VII - Prohibited Acts; Penalties|Section 5-463 - False Statement or Report

    (a)    A person may not knowingly make or cause a false statement or report to be made in an application or document submitted to the Authority.    (b)    A person may not knowingly make or cause a false statement or report to be made to influence an action of the Authority:        (1)    on an application for financial assistance under this subtitle; or        (2)    affecting financial assistance sought or awarded under this subtitle.    (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.    (d)    A person who violates this section is subject to § 5-106(b) of the Courts Article.
MD. Economic Development Code Ann. §  5-466 (2021)
2021 Maryland Statutes|Economic Development|Division I - Secretary of Commerce and Department of Commerce|Title 5 - Economic Development and Financial Assistance Programs|Subtitle 4 - Maryland Industrial Development Financing Authority|Part VIII - Short Title|Section 5-466 - Short Title

    This subtitle may be referred to as the Maryland Industrial Development Financing Authority Act.
MD. Economic Development Code Ann. §  5-501 (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 I - General Provisions|Section 5-501 - Definitions

    (a)    In this subtitle the following words have the meanings indicated.    (b)    “Authority” means the Maryland Small Business Development Financing Authority.    (c)    “Financial institution” means:        (1)    a financial institution, as defined in § 1-101 of the Financial Institutions Article; and        (2)    any other lender that the Authority approves.    (d)    (1)    “Loan document” means an instrument or agreement that evidences, secures, or guarantees a loan.        (2)    “Loan document” includes a note, financing statement, mortgage, pledge, assignment, loan and security agreement, or guaranty.    (e)    (1)    “Working capital” means money used to meet the cash needs of an operating business entity.        (2)    “Working capital” does not include money used for a capital purchase.
MD. Economic Development Code Ann. §  5-502 (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 I - General Provisions|Section 5-502 - Legislative Findings; Purposes

    (a)    The General Assembly finds that:        (1)    the inability of socially or economically disadvantaged individuals to obtain working capital is a major limitation on their opportunity to win and perform government and other contracts;        (2)    because socially or economically disadvantaged individuals frequently have been awarded government or other contracts but have lacked the working capital to post a bond, buy supplies needed to begin the work, or pay employees, these individuals have been unable to accept the contracts;        (3)    some individuals are unable to obtain government and other contracts for reasons other than the cost to the owner or the ability to perform the contract work competently;        (4)    socially or economically disadvantaged individuals frequently lack adequate capital to sustain and expand their businesses and to hire and train employees;        (5)    because high risk, problem, or uncollectible loans are not in the interest of financial institutions, financial institutions generally are reluctant to lend money to socially or economically disadvantaged individuals with insufficient records of performance;        (6)    the inability of businesses owned by socially or economically disadvantaged individuals to obtain long-term financing is a major limitation on their opportunity to survive and expand; and        (7)    the public welfare is served by promoting the viability and expansion of businesses owned by economically or socially disadvantaged individuals, retaining or increasing the employment of these individuals, and expanding the taxable base of the economy of the State.    (b)    The purposes of the Authority are:        (1)    to assist socially or economically disadvantaged individuals to obtain adequate working capital to begin, continue, and complete projects, the majority of funding for which is provided by government entities or utilities;        (2)    to encourage socially or economically disadvantaged individuals to seek government and other contracts;        (3)    to encourage financial institutions to make loans to these individuals; and        (4)    to assist small businesses that are unable to obtain adequate business financing on reasonable terms through normal financing channels because the businesses do not meet the established credit criteria of financial institutions.
MD. Economic Development Code Ann. §  5-505 (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 5-505 - Established

    There is a Maryland Small Business Development Financing Authority in the Department.
MD. Economic Development Code Ann. §  5-506 (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 5-506 - Membership

    (a)    The Authority consists of the following nine members:        (1)    seven members appointed by the Governor;        (2)    the Secretary or the Secretary’s designee; and        (3)    (i)    the Comptroller or the Treasurer as designated by the Governor; or            (ii)    the designee of the Governor’s designee.    (b)    (1)    The term of an appointed member is 5 years.        (2)    The terms of appointed members are staggered as required for appointments to the Authority on October 1, 2008.        (3)    At the end of a term, an appointed member continues to serve until a successor is appointed and qualifies.        (4)    A member who is appointed after a term has begun serves only for the rest of the term and until a successor is appointed and qualifies.    (c)    The Governor may remove an appointed member for cause.
MD. Economic Development Code Ann. §  5-507 (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 5-507 - Officers

    (a)    The Authority shall elect a chair, vice chair, and treasurer from among its members.    (b)    The Authority shall determine the manner of election of officers and their terms.
MD. Economic Development Code Ann. §  5-508 (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 5-508 - Quorum; Meetings; Reimbursement for Expenses; Staff

    (a)    (1)    Four members of the Authority are a quorum.        (2)    The Authority may not act on any matter unless at least four members in attendance concur.    (b)    The Authority shall determine the times and places of its meetings.    (c)    A member of the Authority is entitled to reimbursement for expenses under the Standard State Travel Regulations, as provided in the State budget.    (d)    The Authority may employ a staff in accordance with the State budget.
MD. Economic Development Code Ann. §  5-509 (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 5-509 - Executive Director

    (a)    (1)    The Executive Director is the chief administrative officer of the Authority.        (2)    With the approval of the Secretary, the Authority may:            (i)    appoint the Executive Director; or            (ii)    contract with a private entity to perform the duties of the Executive Director.    (b)    The Executive Director serves at the pleasure of the Authority, with the concurrence of the Secretary.    (c)    In addition to any other duties set forth in this subtitle, the Executive Director shall:        (1)    supervise the administrative affairs and technical activities of the Authority in accordance with its regulations and policies;        (2)    attend all meetings of the Authority;        (3)    keep minutes of all proceedings of the Authority;        (4)    approve all accounts for salaries, per diem payments, and allowable expenses of the Authority, its employees, and its consultants;        (5)    approve all expenses incidental to the operation of the Authority; and        (6)    perform any other duty that the Authority or the Secretary requires to carry out this subtitle.