State Codes and Statutes
Statutes > Maryland > Economic-development > Title-5 > Subtitle-5 > 5-574§ 5-574. Premiums and fees.
(a) In general.- In its sole discretion, the Authority may set:
(1) the premiums and fees for providing bonding assistance under the Program; and
(2) the terms and conditions when the premiums and fees are payable.
(b) Variability.- The premiums and fees may vary in amount among transactions and at different stages of a transaction.
(c) Period of effectiveness.- A determination by the Authority on premiums and fees remains effective for as long as the bonding assistance provided by the Authority is in effect.
[An. Code 1957, art. 83A, § 5-1039; 2008, ch. 306, § 2.]
