2013 Maryland Code
ECONOMIC DEVELOPMENT
§ 5-574 - Premiums and fees


MD Econ Dev Code § 5-574 (2013) What's This?

§5-574.

(a) In its sole discretion, the Authority may set:

(1) the premiums and fees for providing bonding assistance under the Program; and

(2) the terms and conditions when the premiums and fees are payable.

(b) The premiums and fees may vary in amount among transactions and at different stages of a transaction.

(c) A determination by the Authority on premiums and fees remains effective for as long as the bonding assistance provided by the Authority is in effect.

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