The basic objective of the Program is to guarantee loans or equity investments or to make loans to economically or socially disadvantaged business persons for working capital or equipment needed to perform federal, State, or local government or public utility contracts in order to encourage economically or socially disadvantaged persons to seek and perform these contracts.

Authority: Economic Development Article, §2-108 and Title 5, Subtitle 5, Annotated Code of Maryland

Effective date: April 3, 1989 (16:6 Md. R. 730)

Regulation .03B amended effective August 3, 1992 (19:15 Md. R. 1394)

Regulation .04 amended effective February 18, 2002 (29:3 Md. R. 223)

Regulation .06 amended effective April 16, 1990 (17:7 Md. R. 853)

Regulation .07A and H amended effective August 3, 1992 (19:15 Md. R. 1394)

Regulation .08A amended effective August 3, 1992 (19:15 Md. R. 1394)

Regulation .09 amended effective August 3, 1992 (19:15 Md. R. 1394)

Regulation .11 amended effective August 3, 1992 (19:15 Md. R. 1394)

Regulation .12E adopted effective April 16, 1990 (17:7 Md. R. 853)

Regulation .18 adopted effective April 15, 1991 (18:7 Md. R. 775)