Surety Bond Program (Maryland)

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Last modified on February 12, 2015.

EZFeed Policy

Place Maryland


   
Applies to States or Provinces Maryland
Name Surety Bond Program (Maryland)
Policy Category Financial Incentive
Policy Type Bond Program
Affected Technologies Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Tidal Energy, Wave Energy, Wind energy
Active Policy Yes

Implementing Sector State/Province




























Primary Website http://www.mmgcapitalgroup.com/interior.cfm?page=sbp



Last Review 2014-05-15
Last Substantive Modification
to Summary
2014-05-15


Summary

The Surety Bond Program, a program of the Maryland Small Business Development Financing Authority, assists eligible small businesses in obtaining bid, performance or payment bonds necessary to perform on contracts where the majority of funds are also provided by a government agency or public utility. Bonds that are directly issued are limited to $5,000,000. Guaranties are limited to 90% of the face value of the bond not to exceed a maximum participation of $5,000,000.



Policy Contact

Department Maryland Department of Business and Economic Development
Division Maryland Small Business Development Financing Authority
Address 826 East Baltimore Street

Place Baltimore, Maryland
Zip/Postal Code 21202
Phone 410.333.4270




     
     

Authorities (Please contact the if there are any file problems.)

Authority 1: Economic Development Article, 5-561 through 5-575, Annotated Code of Maryland




















References