§ 5-348
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/md/economic-development/5-348A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§5–348.
(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.