Md. Code Regs. 05.13.06.09

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

Section 05.13.06.09 - Limitations on Financial Assistance

A. Minimum Amount of Financial Assistance.

(1) The minimum amount of financial assistance from the Program to a project is $1,000.

(2) The maximum amount of financial assistance from the Program to a project may not exceed 50 percent of total project costs.

B. Disbursement of Financial Assistance. Financial assistance may be disbursed in accordance with the terms and conditions set forth in the financial assistance documents.

C. The Secretary may approve an exception to the maximum amount of the financial assistance, up to 65 percent of total project costs, on the basis that other potential sources of funds have been sought and clearly are not available and it is not feasible to reduce the size or scope of the project.

D. The Secretary may approve an exception to the minimum amount of the financial assistance on the basis that it is not feasible to increase the size or scope of the project.

Md. Code Regs. 05.13.06.09

Regulation .09 adopted effective 42:9 Md. R. 646, eff.5/11/2015