Maryland Environment Section 9-278
§ 9-278.
  (a)   To the extent not inconsistent with this subtitle, a grant, or loan, or loan guarantee agreement shall contain those conditions that the Secretary requires by regulation and that the Board of Public Works requires on a specific application for financial assistance in order to achieve the goals of this subtitle and to otherwise protect the interests of the State.
  (b)   A State loan extended under this subtitle:
    (1)   Shall bear at least the same rate of interest as the most recent State general obligation bond sale preceding the date of approval by the Board of Public Works; and
    (2)   Shall be repaid within 30 years.
  (c)   A loan guarantee of the principal of or interest on any commercial loan or obligation to finance the eligible cost of a project under this subtitle may only be made if:
    (1)   The applicant certifies that the applicant is unable to obtain on reasonable terms sufficient credit to finance its actual needs without the guarantee; and
    (2)   The Board of Public Works determines that there is a reasonable assurance of repayment of the loan obligation.
  (d)   The eligible cost of a project for State financial assistance under § 9-275(a)(3) of this subtitle may include only the costs of plans, specifications, equipment, construction, and rehabilitation or improvement as approved by the Department.
  (e)   State financial assistance under § 9-275(a)(3) of this subtitle may not exceed 50 percent of the eligible costs.