Statutes, codes, and regulations
Maryland Administrative code
Title 14 - INDEPENDENT AGENCIESSubtitle 39 - INTERAGENCY COMMISSION ON SCHOOL CONSTRUCTION
Chapter 14.39.02 - Administration of the Public School Construction Program
Section 14.39.02.24 - Non-Public School Use Exceeding 5 Years

Md. Code Regs. 14.39.02.24

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Current through Register Vol. 51, No. 24, December 2, 2024
Section 14.39.02.24 - Non-Public School Use Exceeding 5 Years

When the LEA uses more than 10 percent of a school building other than as a public school for more than 5 years and the State has debt remaining for bonds, the proceeds of which were used to construct or renovate that school, the IAC may require the LEA to pay a proportion of any lease proceeds and assume the remaining State debt, all calculated as of the date the LEA first began to use the school for purposes other than as a school.

Md. Code Regs. 14.39.02.24

Regulation .24 amended and recodified from 23.03.02.24 effective 46:22 Md. R. 976, eff. 11/4/2019; recodified from .23 effective 48:13 Md. R. 509, eff. 6/28/2021; recodified from .23 effective 51:15 Md. R. 711, eff. 8/5/2024.