Economic Development - Small Business Guaranty Fund - Alterations
Sponsor: N. Scott Phillips (District 10)Committee: Ways and MeansSubject: Economic DevelopmentStatus: Approved by the Governor - Chapter 3 (as of Dec 1, 2025)
What this bill does
Official synopsis
Authorizing the Maryland Small Business Development Financing Authority to authorize the provision of a guaranty under the Small Business Guaranty Fund in an irrevocable letter of credit, an official treasurer's check, funds on deposit in an escrow or other depository account, or any other legal instrument promising a financial institution restitution or reimbursement for its loan losses, within the limits of the guaranty.
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Testimony (0)
MGA witness listFAV 4Favorable
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Agarin, Ufuoma | Legislative Black Caucus of Maryland | Written (PDF) |
| FAV | Smoot, Timothy | Meridian Management Group, Inc. | Oral |
| FAV | Delegate Phillips, Delegate Phillipslegislator | Individual | Oral |
| FAV | Phillips, N. Scott | Individual | Written (PDF) |