Maryland § 9-20A-09
Full text of Maryland Maryland Code § 9-20A-09, with citation guidance and answers to common questions.
§ 9-20A-09.
(a) The Administration may use the Fund to enhance the credit of a financing offered by a bank or other financial institution for a project.
(b) A credit enhancement issued in accordance with subsection (a) of this section shall:
(1) carry out the purpose of the Program in a manner the Administration considers appropriate;
(2) facilitate financing of at least one project of a local jurisdiction, nonprofit organization, or eligible business; and
(3) be offered only to a bank or other financial institution in good standing with the State Department of Assessments and Taxation that is:
(i) incorporated in the State; or
(ii) registered to do business in the State.
(c) The Administration may assess a reasonable fee to a participating bank or financial institution for the administration of this section.
(d) The Administration shall adopt regulations to carry out this section.
Frequently Asked Questions About Maryland § 9-20A-09
What does Maryland Code § 9-20A-09 cover?
Section 9-20A-09 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 § 9-20A-09?
A common citation format is "Maryland Code § 9-20A-09" (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 § 9-20A-09 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.