Plain Text Law

Regulation .03 Eligible Applicants and Uses.

Regulation .03 Eligible Applicants and Uses.Copy Citation

A.
To be eligible to receive financial assistance under the Program, an applicant shall meet the following minimum requirements:
(1)
Be a government agency or a CDO;
(2)
Not have defaulted on any prior financial assistance from the Department;
(3)
Not be currently barred or suspended from any of the Department's programs;
(4)
Have the legal capacity and all necessary legal authority to incur the obligations involved in the form of financial assistance provided under the Program; and
(5)
If the applicant is a CDO, be in good standing and qualified to do business in Maryland.
B.
Financial assistance may be used for the following predevelopment costs and expenses on a project:
(1)
Demolition;
(2)
Land assembly;
(3)
Architecture and engineering; and
(4)
Site development.
C.
A recipient of financial assistance may grant or lend all or a portion of the financial assistance it receives from the Program to a designated third party to carry out the project in accordance with the terms and conditions of an agreement with the Department.