Code of Maryland Regulations
Title 24 - DEPARTMENT OF COMMERCE
Subtitle 05 - ECONOMIC DEVELOPMENT
Chapter 24.05.04 - Maryland Industrial Development Financing Authority Conventional Loan Program
Section 24.05.04.05 - Eligible Uses
Universal Citation: MD Code Reg 24.05.04.05
Current through Register Vol. 51, No. 6, March 22, 2024
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.
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