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Section 5-457 - Review — Maryland Law | CourtGPT
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  3. Maryland/
  4. Economic Development - Division I - Secretary of Commerce and Department of Commerce/
  5. Division I - Secretary of Commerce and Department of Commerce/
  6. Title 5 - Economic Development and Financial Assistance Programs/
  7. Subtitle 4 - Maryland Industrial Development Financing Authority/
  8. Part VI - Linked Deposit Program/
  9. Section 5-457 - Review
Maryland Legal Code

Section 5-457 - Review

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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.