Md. Code Regs. 05.20.01.03

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

Section 05.20.01.03 - Eligible Applicants and Uses

A. To be eligible to receive financial assistance under the Program, an applicant shall meet the following minimum requirements:

(1) Be a government agency or a CDO;

(2) Not have defaulted on any prior financial assistance from the Department;

(3) Not be currently barred or suspended from any of the Department's programs;

(4) Have the legal capacity and all necessary legal authority to incur the obligations involved in the form of financial assistance provided under the Program; and

(5) If the applicant is a CDO, be in good standing and qualified to do business in Maryland.

B. Financial assistance may be used for the following predevelopment costs and expenses on a project:

(1) Demolition;

(2) Land assembly;

(3) Architecture and engineering; and

(4) Site development.

C. A recipient of financial assistance may grant or lend all or a portion of the financial assistance it receives from the Program to a designated third party to carry out the project in accordance with the terms and conditions of an agreement with the Department.

Md. Code Regs. 05.20.01.03

Regulation .03 adopted effective 44:16 Md. R. 808, eff. 8/14/2017