§ 7-601 Definitions
§ 7-602 Program established
§ 7-603 Purpose of Program
§ 7-604 Board of Directors – Established
§ 7-605 Board of Directors – Membership
§ 7-606 Board of Directors – Chair
§ 7-607 Board of Directors – Quorum; meetings; compensation; staff
§ 7-608 Board authorized to guarantee loans and provide interest subsidies
§ 7-609 Applications; Board review of applications
§ 7-610 Requirements
§ 7-611 Amount and terms of loan guarantees and interest subsidies
§ 7-612 Violations of loan provisions
§ 7-613 Assistive Technology Loan Fund
§ 7-614 Assistive Technology Loan Fund – Composition; use of Fund
§ 7-615 Assistive Technology Loan Fund – Annual report by Treasurer
§ 7-616 Annual report by Board
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Terms Used In Maryland Code > HUMAN SERVICES > Title 7 > Subtitle 6 - Assistive Technology Loan Program

  • Advice and consent: Under the Constitution, presidential nominations for executive and judicial posts take effect only when confirmed by the Senate, and international treaties become effective only when the Senate approves them by a two-thirds vote.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • 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
  • Quorum: The number of legislators that must be present to do business.
  • state: means :

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

    (2) the District of Columbia. See