Md. Code Regs. 32.03.01.10

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

Section 32.03.01.10 - Allowable Types of Local Contributions

A. Except when the application is for the development of a master plan, the applicant may apply the following types of contributions toward the applicant's required share of the cost of eligible work:

(1) Cash;

(2) The value of real property and improvements made available by the applicant for use as part of the project; and

(3) If the applicant proposes to contribute leased property for use as part of the project, the 15-year net retail rental value of that property.

B. The total value of allowable local contributions shall equal or exceed the amount of the requested State grant, except as provided in Regulation .07E of this chapter.

C. If the application is for the development of a master plan, the applicant shall contribute at least 50 percent of the cost of eligible work in cash.

Md. Code Regs. 32.03.01.10

Regulations .10 amended effective June 17, 1985 (12:12 Md. R. 1166)
Regulations .10 amended effective December 14, 1979 (6:25 Md. R. 1984)
Regulations .10A amended effective May 15, 1981 (8:10 Md. R. 879)
Regulations .10 adopted under a new chapter, Elderly Citizen Activities Centers Capital Improvement Grants, as an emergency provision effective June 14, 1987 (14:14 Md. R. 1565); emergency status extended at 14:22 Md. R. 2336; emergency status expired January 7, 1988 (Emergency provisions are temporary and not printed in COMAR)
Regulations .10, Conversion of Surplus Public Schools and Other Public Buildings Into Elderly Citizen Activities Centers, repealed effective May 2, 1988 (15:9 Md. R. 1113)
Regulations .10, Senior Citizen Activities Centers Capital Improvement Grants, adopted effective May 2, 1988 (15:9 Md. R. 1113)