Terms Used In Maryland Code, HUMAN SERVICES 7-614

  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • state: means :

    (1) a state, possession, territory, or commonwealth of the United States; or

    (2) the District of Columbia. See
(a) The Fund consists of:

(1) premiums and fees charged for the guarantees of loans or the subsidies of loan interest;

(2) income from investment earnings;

(3) proceeds from the sale, disposition, lease, or rental of collateral relating to the guarantees of loans or subsidies of loan interest;

(4) money appropriated by the State to the Fund; and

(5) any other money made available to the Fund.

(b) The Fund shall be used to pay:

(1) guaranty payments required by loan defaults;

(2) subsidies of loan interest;

(3) expenses for administrative, legal, actuarial, technical assistance, and other services; and

(4) any other expenses and disbursements that the Board authorizes for administering the Fund and financing the guarantees of loans and the subsidies of loan interest for the purchase of assistive technology.

  Previous section
Next section  
 Subtitle 6 Contents