Md. Code Regs. 05.05.05.04

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

Section 05.05.05.04 - Eligible Borrowers-Local Governments and Local Government Entities

A. A local government or local government entity shall meet the requirements in §§B-F of this regulation to qualify for capital assistance.

B. The local government shall provide a local contribution that meets the requirements of Regulation .17 of this chapter.

C. The local government or local government entity shall assure that any off-site improvements necessary for a project are provided without capital assistance from the Program.

D. The local government or local government entity shall develop a project or contract with a qualified for-profit or nonprofit developer to develop the project.

E. The local government or local government entity shall own the project.

F. A local government entity shall also meet the requirements of Regulation .05A(1)-(4) of this chapter.

Md. Code Regs. 05.05.05.04

Regulation .04E amended effective November 20, 1995 (22:23 Md. R. 1800)
Regulations .04 adopted effective November 11, 1991 (18:22 Md. R. 2393)
Regulations .04 adopted effective December 15, 2008 (35:25 Md. R. 2150)
Regulations .04 adopted as an emergency provision effective December 13, 1988 (15:27 Md. R. 3116); emergency status extended at 16:10 Md. R. 1101; emergency status expired July 24, 1989; adopted permanently effective August 7, 1989 (16:15 Md. R. 1650)
Regulations .04 amended effective 41:25 Md. R. 1476, eff.12/22/2014