2013 Maryland Code
COURTS AND JUDICIAL PROCEEDINGS
§ 5-521 - Immunity -- Department of Business and Economic Development
§5-521.
(a) (1) In this section the following words have the meanings indicated.
(2) “Department” means the Department of Business and Economic Development.
(3) “Eligible business” has the meaning stated in § 5-451 of the Economic Development Article.
(4) “Lender” has the meaning stated in § 5-451 of the Economic Development Article.
(b) The Department and the State are not liable to any lender for payment of the principal or interest on a loan to an eligible business in accordance with § 5-451 of the Economic Development Article.
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