Md. Code Regs. 05.05.09.14

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

Section 05.05.09.14 - Fund Administration

A. Funds shall be maintained in the State Treasurer's account and may be withdrawn by the Department upon the request of the Director of Multifamily Housing or the Director's designee to reimburse or pay for development costs.

B. Sponsors shall requisition funds on forms required by the Department in accordance with the terms of the capital assistance documents for approved development costs.

Regulations .14 amended effective October 5, 1998 (25:20 Md. R. 1527)