Section 5-457 - Review. - Maryland Statutes

§ 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. 
 

[An. Code 1957, art. 83A, § 5-927(f); 2008, ch. 306, § 2.]