Md. Code Regs. 05.13.01.06

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

Section 05.13.01.06 - Eligible Projects

In order to be eligible for financial assistance, a project shall satisfy the following requirements:

A. The project is located within the State;

B. The project is located in a priority funding area or eligible opportunity zone;

C. As determined by the Department, the financial assistance from the Program and the financial assistance requested is the least amount of money necessary to make the project financially feasible;

D. The project is ready to proceed upon receipt of financial assistance under the Program;

E. Food desert projects:

(1) Include a plan to seek out sources of Maryland-grown produce and Maryland-produced foods; and

(2) Are located in a food desert or a priority funding area or eligible opportunity zone that serves food deserts;

F. The political subdivision in which the project is located has:

(1) Approved the project by adopting a local resolution of support;

(2) Approved the project through a letter of support delivered to the Program by an authorized designee; or

(3) Allowed at least 45 days to lapse following receipt of written notice of the proposed project to the highest elected official without denying the application;

G. The operating income and expenses projected for the project show income sufficient, in the sole discretion of the Department, to repay on schedule any loans authorized or guaranteed by the Program; and

H. Upon completion, the project will be in compliance with all applicable zoning requirements and standards as well as the applicable building code of the local jurisdiction in which the project is located.

Md. Code Regs. 05.13.01.06

Regulation .06A amended effective May 19, 1997 (24:10 Md. R. 709)
Regulation .06A amended effective January 20, 2014 (41:1 Md. R. 12)
Regulations .06 amended effective 41:25 Md. R. 1477, eff.12/22/2014; adopted effective 46:20 Md. R. 843, eff. 10/7/2019