Md. Code Regs. 05.09.01.12

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

Section 05.09.01.12 - Monitoring

A. The Administration shall pay the proceeds of the loan to the local government based upon a schedule of draws acceptable to the Administration.

B. The local government shall be solely responsible for:

(1) Ensuring the adequacy and sufficiency of the design and construction of the project and for supervising the invoicing for and timeliness of the draws. The local government shall submit periodic construction status reports together with its requisitions for draws in a form satisfactory to the Administration.

(2) Operating, maintaining, and managing the project, notwithstanding whether the project is managed under an operating agreement with a third party. Administration staff from time to time may conduct an inspection, announced or unannounced, to ascertain the status of the construction or operation of the project.

Md. Code Regs. 05.09.01.12

Regulations .12 amended effective November 22, 1993 (20:23 Md. R. 1801)
Regulation .12 amended effective September 6, 1999 (26:18 Md. R. 1374)