Md. Code Regs. 14.04.10.02

Current through Register Vol. 52, No. 1, January 10, 2025

Section 14.04.10.02 - [Effective 1/20/2025] Eligibility

A. Eligibility Criteria. TEDCO may make an award to an applicant, if TEDCO determines the applicant meets all of the following criteria:

(1) The applicant is a public, nonprofit, or private entity in the State, including institutions of higher education and public-private partnerships;

(2) The applicant's proposed project is primarily focused on workforce development or infrastructure in the State;

(3) The applicant shall use the award proceeds and the leveraged funds in the State;

(4) The applicant shall have secured verified funding commitments from the private sector, federal sources, and other sources of funding in an amount to be approved by TEDCO,; the receipt of which by the applicant shall be a condition of disbursing the TEDCO funds; and

(5) The applicant's proposal shall be consistent with the 10-year goals in the strategic plan developed by the Commission.

B. Verification of Information Submitted to TEDCO. An applicant shall verify, in a form approved by the Office of the Attorney General, the information the applicant submits to TEDCO in an application for an award.

Md. Code Regs. 14.04.10.02

Regulation .02 adopted effective 52:1 Md. R. 1-46, eff. 1/20/2025.