<?xml version='1.0' encoding='utf-8'?>
<regulation prefix="Regulation" num=".07" citation="COMAR 05.03.07.07" title_num="05" subtitle_num="03" chapter_num="07" heading="Eligible Uses of Program Grants and LNYW Grants.">
  <paragraph num="A.">
    <text>Program grants from the Department to the local jurisdiction shall be used solely to fund $1,000 of an LNYW grant to an eligible employee.</text>
  </paragraph>
  <paragraph num="B.">
    <text>Program grants from the Department to the local jurisdiction may not be used to:</text>
    <paragraph num="(1)">
      <text>Fund an LNYW grant if the eligible employee, the employer, and the local jurisdiction do not make the minimum contribution set forth in this chapter; or</text>
    </paragraph>
    <paragraph num="(2)">
      <text>Fund any expenses of operating the LNYW project.</text>
    </paragraph>
  </paragraph>
  <paragraph num="C.">
    <text>An LNYW grant may only be used for the downpayment and closing costs incurred in connection with purchasing an eligible residence.</text>
  </paragraph>
  <paragraph num="D.">
    <text>An LNYW grant may not be used to pay costs incurred in connection with a transfer of property where the grantor remains a title holder.</text>
  </paragraph>
</regulation>