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<regulation prefix="Regulation" num=".05" citation="COMAR 05.14.01.05" title_num="05" subtitle_num="14" chapter_num="01" heading="Project Proposals and Processing.">
  <paragraph num="A.">
    <text>Number of Proposals. A nonprofit organization may submit only one project proposal in any State fiscal year.</text>
  </paragraph>
  <paragraph num="B.">
    <text>Forms and Documentation. A project proposal shall be made on standard forms provided by the Program and shall include:</text>
    <paragraph num="(1)">
      <text>The name and a description of the project to be conducted, and the amount of the tax credit allocation requested;</text>
    </paragraph>
    <paragraph num="(2)">
      <text>A description of the problem to be addressed by the project and who will benefit from the project;</text>
    </paragraph>
    <paragraph num="(3)">
      <text>A description of the project goals and the measurable objectives;</text>
    </paragraph>
    <paragraph num="(4)">
      <text>The priority funding area benefited by the project, together with a statement whether the priority funding area includes, in whole or in part, a sustainable community or a designated neighborhood conservation area;</text>
    </paragraph>
    <paragraph num="(5)">
      <text>A description of the experience and capabilities of the nonprofit organization and its key staff members:</text>
      <paragraph num="(a)">
        <text>In carrying out similar projects, and</text>
      </paragraph>
      <paragraph num="(b)">
        <text>In general;</text>
      </paragraph>
    </paragraph>
    <paragraph num="(6)">
      <text>The proposed budget for the project;</text>
    </paragraph>
    <paragraph num="(7)">
      <text>A description of the plans for implementing the project;</text>
    </paragraph>
    <paragraph num="(8)">
      <text>A copy of the following organizational documentation for the nonprofit organization:</text>
      <paragraph num="(a)">
        <text>The letter from the Internal Revenue Service granting tax-exempt status under §501(c)(3) of the Internal Revenue Code,</text>
      </paragraph>
      <paragraph num="(b)">
        <text>Articles of incorporation,</text>
      </paragraph>
      <paragraph num="(c)">
        <text>Bylaws, and</text>
      </paragraph>
      <paragraph num="(d)">
        <text>A corporate resolution authorizing submission of the application and designating the person or persons authorized to sign documents in connection with the approval of the project, allocation of tax credits, and certification for contributions;</text>
      </paragraph>
    </paragraph>
    <paragraph num="(9)">
      <text>As required by the Program, financial statements, annual operating budget, list of major contributors, and current and anticipated funding sources;</text>
    </paragraph>
    <paragraph num="(10)">
      <text>Written approval for the project of the governing body of each:</text>
      <paragraph num="(a)">
        <text>County in which the priority funding area benefited by the project is located; and</text>
      </paragraph>
      <paragraph num="(b)">
        <text>Municipal corporation in which the priority funding area benefited by the project is located; and</text>
      </paragraph>
    </paragraph>
    <paragraph num="(11)">
      <text>Any other information considered necessary by the Program.</text>
    </paragraph>
  </paragraph>
  <paragraph num="C.">
    <text>Timing. Applications shall be made in accordance with application and competition cycles publicized to nonprofit organizations, local governments, and other interested persons by direct mailing, press release, or other methods selected by the Program.</text>
  </paragraph>
</regulation>