Md. Code Regs. 05.05.10.06

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

Section 05.05.10.06 - Eligible Sponsors

A. The following entities are eligible to apply for financial assistance under the Program:

(1) Nonprofit organizations;

(2) Limited dividend organizations;

(3) Local jurisdictions eligible or potentially eligible to sponsor projects; and

(4) Public housing authorities.

B. Applicants for financial assistance shall meet the following minimum requirements to be eligible to apply for financial assistance under the Program:

(1) Applicants shall be in good standing and qualified to do business in Maryland; and

(2) Applicants shall have the legal capacity and all necessary legal authority to incur the obligations of any financial assistance provided under the Program.

Md. Code Regs. 05.05.10.06