Maryland § 5-1006
Full text of Maryland Maryland Code § 5-1006, with citation guidance and answers to common questions.
§ 5-1006.
(a) There is a Uniformed Services Personnel and Veteran–Owned Small Business No–Interest Loan Fund.
(b) The purpose of the Fund is to provide no–interest loans consistent with this subtitle.
(c) The Secretary shall administer the Fund.
(d) (1) The Fund is a special, nonlapsing fund that is not subject to reversion under § 7–302 of the State Finance and Procurement Article.
(2) The State Treasurer shall hold the Fund separately, and the Comptroller shall account for the Fund.
(3) Any investment earnings of the Fund shall be credited to the Fund.
(e) The Fund consists of:
(1) money the State appropriates to the Fund;
(2) money made available to the Fund through federal programs or private contributions;
(3) repayments from loans provided by the Department under this subtitle;
(4) proceeds from the sale, disposition, lease, or rental of collateral related to loans provided by the Department under this subtitle; and
(5) any other money made available to the Fund.
(f) The Department may use money in the Fund to provide loans to eligible applicants under §§ 5–1002 through 5–1004 of this subtitle.
Frequently Asked Questions About Maryland § 5-1006
What does Maryland Code § 5-1006 cover?
Section 5-1006 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 5-1006?
A common citation format is "Maryland Code § 5-1006" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 5-1006 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.