Md. Code Regs. 24.05.04.05

Current through Register Vol. 51, No. 24, December 2, 2024

Section 24.05.04.05 - Eligible Uses

The proceeds of the loan may be used for any purposes approved by the Authority and permitted by the Act, including:

A. Working capital;

B. Acquisition of real property and the construction of new buildings or renovation of existing buildings;

C. Acquisition and installation of machinery and equipment;

D. The obtaining of additional credit enhancements such as a letter of credit; and

E. Acquisition of stock.

Md. Code Regs. 24.05.04.05