Section 4-223 - [Effective 7/1/2026] Business project(a) A project qualifies as a business project if the project is: (1) located in: (i) an area designated as a priority funding area under § 5-7B-02 of the State Finance and Procurement Article; or(ii) a qualified opportunity zone designated under § 1400Z-1 of the Internal Revenue Code in Allegany County, Baltimore City, Baltimore County, Charles County, Garrett County, Howard County, Montgomery County, Prince George's County, Somerset County, or Wicomico County; and(2)(i) acquired, owned, developed, constructed, reconstructed, rehabilitated, or improved by a person or an entity for the purposes of carrying on a business whether or not for profit; or(ii) eligible for funding from the Neighborhood Business Development Fund under § 6-310 of this article.(b) Repayment of principal and interest for a business project may be secured by:(4) certificates of deposit, stocks, and bonds;(5) credit enhancement, assurance, or guaranty; or(6) any other collateral acceptable to the Administration.(c) Financial assistance for a business project may be provided as: (2) a reduction in the principal obligation of or interest rate on a loan or portion of a loan;(3) a prepayment of interest on a subordinate or superior loan or portion of a loan;(5) a guarantee or other form of credit enhancement.Amended by 2022 Md. Laws, Ch. 380, Sec. 2, eff. 7/1/2026.Amended by 2019 Md. Laws, Ch. 211, Sec. 3, eff. 7/1/2019.Added by 2016 Md. Laws, Ch. 482, Sec. 2, eff. 7/1/2016.This section is set out more than once due to postponed, multiple, or conflicting amendments.