Maryland § 5-570
Full text of Maryland Maryland Code § 5-570, with citation guidance and answers to common questions.
§ 5-570.
(a) The Authority may only approve a guaranty or a bond under this part if the Authority determines that the contract, for which a bond is sought to be guaranteed or issued, will have a substantial economic impact.
(b) To determine the economic impact of a contract, the Authority may consider:
(1) the amount of the guaranty obligation;
(2) the terms of the bond to be guaranteed;
(3) the number of new jobs that the contract to be bonded will create; and
(4) any other factor that the Authority considers relevant.
Frequently Asked Questions About Maryland § 5-570
What does Maryland Code § 5-570 cover?
Section 5-570 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 § 5-570?
A common citation format is "Maryland Code § 5-570" (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 § 5-570 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.