Md. Code Regs. 05.01.07.07

Current through Register Vol. 51, No. 24, December 2, 2024

Section 05.01.07.07 - Project and Policy Approval

A. Except as set forth in §B of this regulation, the Secretary, or a designee of the Secretary, shall approve all loans and debt financing after receipt of the recommendation of the Committee.

B. The Secretary may approve a specific loan request without receiving the recommendation of the Committee if the Secretary determines, in the sole discretion of the Secretary, that the request requires urgent action. A written determination of urgent action by the Secretary is final and cannot be appealed.

Regulation .07A amended effective February 26, 2007 (34:4 Md. R. 398)