Maryland § 5-342
Full text of Maryland Maryland Code § 5-342, with citation guidance and answers to common questions.
§ 5-342.
(a) In addition to providing money from the Fund to assist in creating and expanding child care facilities in the State under other provisions of this subtitle, the Department may use federal or other money provided for the purpose to make child care special loans.
(b) Child care special loans may be made to finance the expansion or improvement of child care services at child care facilities in the State, in accordance with this part.
(c) All money received by the Fund for making child care special loans shall be accounted for separately, including:
(1) federal money allocated or granted for child care special loans, including child care and development block grant money;
(2) private money donated or granted to the Fund for child care special loans;
(3) premiums, fees, interest payments, and principal payments on child care special loans made with federal money;
(4) proceeds from the sale, disposition, or lease of collateral that relates to child care special loans;
(5) any other money made available for child care special loans; and
(6) any federal money for child care special loans that are used by the Department to pay costs of administering the child care special loans.
Frequently Asked Questions About Maryland § 5-342
What does Maryland Code § 5-342 cover?
Section 5-342 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 § 5-342?
A common citation format is "Maryland Code § 5-342" (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 § 5-342 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.