Section 9-20A-09 - Use of Fund for credit enhancement(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.Added by 2014 Md. Laws, Ch. 349,Sec. 1, eff. 7/1/2014.Added by 2014 Md. Laws, Ch. 348,Sec. 1, eff. 7/1/2014.