Md. Code Regs. 05.03.01.16

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

Section 05.03.01.16 - Initiatives and Special Programs

A. The Department, in its discretion, may set aside Program funds for initiatives and special programs, whereby funds may be made available under special terms set by the Administration.

B. Forward Commitments.

(1) The Department may enter into forward commitments with sponsors to reserve, for a fixed period of time, a fixed amount of Program funds for initiatives or special programs.

(2) The sponsor may be a nonprofit organization or a local government.

Md. Code Regs. 05.03.01.16

Regulations .16 amended effective September 1, 1974 (1:2 Md. R. 112)
Regulations .16 amended effective July 23, 1975 (2:16 Md. R. 1138)
Regulations .16 under a new chapter, Preferred Interest Rate Loan Program, adopted effective July 22, 1991 (18:14 Md. R. 1609)