Md. Code Regs. 05.05.01.16

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

Section 05.05.01.16 - Loan Terms- Environmental Review

A. Each project shall comply with applicable local, State, and federal environmental laws and Regulations.

B. Sponsors may be required, at the discretion of the Department, to conduct a screening of the proposed site for environmental conditions, including man-made hazards, storm water runoff, underground storage tanks, lead-based paint, radon gas, PCBs, and asbestos.

C. If the initial screening indicates adverse or potentially adverse environmental conditions, the Department may require a more detailed physical investigation, review of historical records, testing and treatment, or abatement of the environmental condition as a requirement of the loan.

Md. Code Regs. 05.05.01.16

Regulations .16 adopted effective March 4, 1991 (18:4 Md. R. 446)
Regulation .16C amended effective May 31, 1999 (26:11 Md. R. 853)
Regulations .16 Rental Multifamily Rental Financing Program adopted effective March 13, 2006 (33:5 Md. R. 518)