Surety Bond Program (Maryland)
Last modified on February 12, 2015.
|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|
|Implementing Sector|| State/Province
|Primary Website|| http://www.mmgcapitalgroup.com/interior.cfm?page=sbp
| Last Substantive Modification
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.
|Department||Maryland Department of Business and Economic Development|
|Division||Maryland Small Business Development Financing Authority|
|Address||826 East Baltimore Street|
Authorities (Please contact the if there are any file problems.)
|Authority 1:|| Economic Development Article, 5-561 through 5-575, Annotated Code of Maryland