The proceeds of the financial assistance shall be used for working capital or for machinery or equipment needed to perform a contract. Machinery and equipment may be financed only if the cost of the equipment can be repaid from contract proceeds and if the Authority has entered into an agreement with the applicant necessary to secure the financial assistance.

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)