The basic objective of the Program is to guaranty surety bonds to sureties licensed to do business in Maryland to enable small Maryland businesses to obtain the bid, payment, and performance surety bonds necessary to perform local, State, and federal government and public utility 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 April 16, 1990 (17:7 Md. R. 853)

Regulation .05 amended effective August 3, 1992 (19:15 Md. R. 1394)