The Department may make a grant from the Fund to a local or regional Maryland governmental or nonprofit revolving loan fund. In making the grant, the Department shall consider the:

1. A. Purposes of the Fund; and
2. B. Issues set forth in the Department's strategic economic development plan.

Authority: Economic Development Article, §§2-108 and 5-204, Annotated Code of Maryland

Effective date: December 18, 1995 (22:25 Md. R. 1965)

Chapter revised effective March 6, 2000 (27:4 Md. R. 455)