§ 6-308.3
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§6–308.3.
(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
(i)provide small loans in amounts that are not more than $100,000 per loan to an approved entity for assistance in providing or maintaining access to healthy food in urban or rural food deserts, including by providing loans for:
1. refrigerators, freezers, and other equipment; and
2. subject to subsection
(c)of this section, operating costs incurred in providing access to healthy food in urban or rural food deserts; and
(ii)work with intermediaries to administer the small loans authorized under item
(i)of this paragraph.
(c)The Department shall forgive a loan for operating costs made under subsection (b)(4)(i)2 of this section after 5 years, if the loan recipient maintains continuous operations at the same location during that time.