Md. Code Regs. 14.26.01.05

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

Section 14.26.01.05 - Permissible Uses for Loan Funds

A. A loan under the Program may be used to pay for:

(1) The costs of implementing projects, including the costs of all necessary:

(a) Technical assessments;

(b) Studies;

(c) Surveys;

(d) Plans and specifications; and

(e) Start-up, architectural, engineering, and other special services;

(2) The costs of procuring necessary technology, equipment, licenses, or materials; and

(3) The costs of construction, rehabilitation, or modification related to a project including the purchase and installation of necessary machinery, equipment, or furnishings.

B. A loan may be made in conjunction with, or in addition to, financial assistance provided through other State or federal programs.

Md. Code Regs. 14.26.01.05