Md. Code Regs. 05.05.01.10

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

Section 05.05.01.10 - Limit on Return of Equity

A. Projects may be subject to a limitation on return of equity or an equity participation agreement, at the discretion of the Department.

B. Periodically, at the convenience and discretion of the Department, residual receipts held by the Department in connection with a limitation on return on equity imposed under this regulation, if any, shall be credited to the Fund. At the option of the Department, residual receipts may be disbursed for the project which generated the receipts or for any other project.

C. Sponsors of office and commercial space conversion projects are not subject to any limitation on return of equity.

Md. Code Regs. 05.05.01.10

Regulations .10 adopted effective March 4, 1991 (18:4 Md. R. 446)
Regulations .10 and Regulation .11 amended and recodified to Regulation .10 as an emergency provision effective August 24, 1995 (22:19 Md. R. 1456); emergency status extended at 23:7 Md. R. 547)
Regulation .10 repealed effective August 26, 1996 (23:17 Md. R. 1246)
Regulations .10 Rental Housing Program repealed and new Regulations .01_.32 Multifamily Rental Financing Program adopted effective March 13, 2006 (33:5 Md. R. 518)