Maryland § 6-307
Full text of Maryland Maryland Code § 6-307, with citation guidance and answers to common questions.
§ 6-307.
(a) Financial assistance under the Business Development Program shall be on the terms that the Department considers necessary to make the project financially feasible.
(b) Financial assistance under the Business Development Program may be used for:
(1) a part of the development costs of a project;
(2) the development costs, working capital, or business expenses of a microenterprise project; or
(3) in accordance with § 6–308.3 of this subtitle, small loans for food desert projects.
(c) The Department may require that financial assistance under the Business Development Program be secured by a mortgage or other security instrument, which may be subordinate to other security interests.
(d) The Department may modify the interest rate, the time or amount of payment, or any other term of a grant or loan to facilitate the successful completion or operation of a project.
(e) The Department may contract for services related to the Business Development Program.
Frequently Asked Questions About Maryland § 6-307
What does Maryland Code § 6-307 cover?
Section 6-307 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 § 6-307?
A common citation format is "Maryland Code § 6-307" (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 § 6-307 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.