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Bill would widen eligibility and loan caps for Maryland Oyster Shucking House Loan Program
Summary
Delegate Jones said House Bill 397 would increase loan caps tied to seasonal employees and reduce required years of licensing so smaller or newer seafood processors can access MorbiDco funds to modernize processing and return oyster shells to restoration projects.
Delegate Jones introduced House Bill 397, which proposes two changes to the Maryland Oyster Shucking House Loan Program established by prior legislation and administered by Marbibco: (1) increase the allowable loan amount to up to $25,000 per full-time or seasonal full-time job (up from $10,000 per seasonal position currently); and…
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