Maryland Department of Business and Economic Development Section 5-1039

Article - Department of Business and Economic Development

§ 5-1039.

      (a)      The Authority may, in its sole and absolute discretion, set the premiums and fees to be paid to it for providing bonding assistance under this Program.

      (b)      The premiums and fees set by the Authority shall be payable in the amounts, at the time and in the manner that the Authority, in its sole and absolute discretion, requires.

      (c)      The premiums and fees need not be uniform among transactions, and may vary in amount:

            (1)      Among transactions; and

            (2)      At different stages during the terms of transactions.

      (d)      A determination by the Authority shall remain effective throughout the period during which the bonding assistance provided by the Authority is in effect.



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