Md. Code Regs. 26.03.10.03

Current through Register Vol. 51, No. 22, November 1, 2024

Section 26.03.10.03 - Project Eligibility

A. Project costs which are eligible for financial assistance under this chapter may include:

(1) The acquisition of new facilities;

(2) The construction of new facilities;

(3) Additions to, or modifications of, existing facilities;

(4) Equipment purchases; and

(5) Lands, easements, and rights-of-way.

B. Project costs which may not be funded, except as provided for in §C, of this regulation, include:

(1) Feasibility studies;

(2) Planning;

(3) Administrative costs and overhead; or

(4) Plans and specifications.

C. Project costs outlined in §B, of this regulation, may be funded if the:

(1) Secretary determines that the applicant does not have the financial capability to produce the necessary feasibility studies, plans, and specifications; and

(2) Applicant is requesting financial assistance in the form of a loan or a loan guarantee.

D. The award of a loan or loan guarantee does not eliminate the requirement that the applicant obtain all required permits for a solid waste processing or disposal facility. The applicant shall remain liable for repayment of all applicable loans regardless of whether a permit is issued or the facility becomes operational.

E. Allowances. The additional costs permitted in §C, of this regulation, may not exceed the percent of the total project cost as interpolated from Tables 1 and 2. State participation for these costs shall require a bona fide commitment from the applicant that construction of the proposed project will begin within 2 years.

Project	Allowance as a Percentageof Building Cost
$100,000	12.971
120,000	12.688
150,000	12.350
175,000	12.122
200,000	11.928
250,000	11.610
300,000	11.357
350,000	11.147
400,000	10.968
500,000	10.676
600,000	10.443
700,000	10.250
800,000	10.088
900,000	9.943
1,000,000	9.817
1,200,000	9.603
1,500,000	9.347
1,750,000	9.174
2,000,000	9.027
2,500,000	8.787
3,000,000	8.595
3,500,000	8.438
4,000,000	8.301
5,000,000	8.080
6,000,000	7.903
7,000,000	7.757

Project	Allowance as a Percentageof Building Cost
$100,000	12.971
$100,000	7.253
120,000	7.168
150,000	7.068
175,000	6.997
200,000	6.937
250,000	6.839
300,000	6.759
400,000	6.635
500,000	6.541
600,000	6.465
700,000	6.401
800,000	6.347
900,000	6.299
1,000,000	6.257
1,200,000	6.184
1,500,000	6.096
1,750,000	6.038
2,000,000	5.984
2,500,000	5.899
3,000,000	5.831
3,500,000	5.773
4,000,000	5.724
5,000,000	5.643
6,000,000	5.577
7,000,000	5.522
8,000,000	5.475
9,000,000	5.434
10,000,000	5.397

Md. Code Regs. 26.03.10.03