<?xml version='1.0' encoding='utf-8'?>
<regulation prefix="Regulation" num=".40" citation="COMAR 09.10.06.40" title_num="09" subtitle_num="10" chapter_num="06" heading="Out-of-State Distributions.">
  <text>The application documents shall state the amount of money that will be paid by the association, during each of the first 5 years of operation, to entities located outside Maryland as:</text>
  <paragraph num="A.">
    <text>Payments of profit or other distributions to investors residing outside Maryland;</text>
  </paragraph>
  <paragraph num="B.">
    <text>Interest on debt with lenders located outside Maryland;</text>
  </paragraph>
  <paragraph num="C.">
    <text>Payment for supplies purchased from, or services rendered by, entities based outside Maryland other than the management company;</text>
  </paragraph>
  <paragraph num="D.">
    <text>Payments to the management company as reimbursement for expenses or as payment for services;</text>
  </paragraph>
  <paragraph num="E.">
    <text>Rent for facilities or equipment owned by entities based outside Maryland; and</text>
  </paragraph>
  <paragraph num="F.">
    <text>Any other payments to out-of-State entities.</text>
  </paragraph>
</regulation>