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<baltimore-city-law heading="§ 30-5 Eligibility of property and property owner.">
  <section prefix="§" num="30-5" heading="Eligibility of property and property owner.">
    <para num="(a)" heading="In general.">To be eligible for a clean energy loan:<para num="(1)">the commercial property for which the energy improvements are proposed must be located in the City; and</para>
      <para num="(2)">the property owner must:<para num="(i)">have a 100% ownership interest in the commercial property;</para>
        <para num="(ii)">demonstrate that no taxes, assessments, fees, or other charges encumbering the commercial property are delinquent; and</para>
        <para num="(iii)">provide written proof that all current holders of a mortgage or deed of trust on the commercial property have expressly consented to the clean energy loan and its status as a priority lien on the property.</para>
      </para>
    </para>
    <para num="(b)" heading="Ability to repay.">Before any clean energy loan is approved under the PACE Loan Program, the Administrator must give due regard to the property owner’s ability to repay the loan, in a manner substantially similar to that required for a mortgage loan under State Commercial Law Article §§ &lt;cite data-doc="Md. Code" data-path="gcl|12-127"&gt;12-127&lt;/cite&gt;, &lt;cite data-doc="Md. Code" data-path="gcl|12-311"&gt;12-311&lt;/cite&gt;, &lt;cite data-doc="Md. Code" data-path="gcl|12-409"&gt;12-409&lt;/cite&gt;.1, 12-925, and 12-1029.</para>
    <annotation type="History">Ord. 16-533</annotation>
  </section>
</baltimore-city-law>
