Maryland Department of Business and Economic Development Section 5-932

Article - Department of Business and Economic Development

§ 5-932.

      (a)      Any insurance on bonds, or insurance on authorized purpose obligations provided before July 1, 2000, shall continue as obligations of the Authority and shall be deemed authorized under this subtitle.

      (b)      Financial assistance approved by the Authority, but not closed before July 1, 2000, shall be deemed authorized under this subtitle.

      (c)      Bonds issued by the Maryland Energy Financing Administration shall continue after December 31, 2001 as obligations of the Authority and shall be deemed authorized under this subtitle.

      (d)      Loan guarantees provided by the Department from the former Day Care Loan Guarantee Fund shall continue as obligations of the Authority and shall be deemed authorized under this subtitle.

      (e)      Deposit agreements entered into between the Department and a lender under the former Maryland Enterprise Incentive Deposit Fund Program shall continue as obligations of the Authority and shall be deemed authorized under this subtitle.



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