§ 6-308.3. Food desert projects.

MD House & Comm Dev Code § 6-308.3 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

(a)    If the Department determines that an entity is capable of administering a food desert project, the entity may originate and administer financial assistance to a food desert project in accordance with standards the Department adopts by regulation.

(b)    The Department may:

(1)    pay an approved entity a reasonable origination, application, and processing fee for each food desert project that is originated by the approved entity;

(2)    directly fund the financial assistance for a food desert project that is originated by an approved entity;

(3)    provide financial assistance to an approved entity for the purpose of the approved entity providing financial assistance for a food desert project in accordance with this subtitle; and

(4)    (i)    provide small loans in amounts that are not more than $50,000 per loan to an approved entity for assistance in providing better access to healthy food in food deserts, including by providing loans for refrigerators, freezers, and other equipment; and

(ii)    work with intermediaries to administer the small loans authorized under item (i) of this paragraph.