§ 5-348. Use of proceeds

MD Econ Dev Code § 5-348 (2019) (N/A)
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(a)    The proceeds of a child care special loan may be used:

(1)    to assist the applicant in meeting applicable State and local child care standards;

(2)    to pay for minor renovations, and to upgrade child care facilities, to ensure that applicants meet State and local child care standards; or

(3)    to purchase and install equipment and furniture, including equipment needed to accommodate children with special needs.

(b)    Except as provided in subsection (a) of this section, the proceeds of a child care special loan may not be used:

(1)    to purchase or improve land; or

(2)    to purchase, construct, or improve a building or facility.