Plain Text Law

Chapter 05. Alternative Financing

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Regulation .01 Scope.Copy Citation

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A.
This chapter applies to a public school construction project for building, improvement, supplies, or equipment if it:
(1)
Exceeds $50,000 and has IAC planning or funding approval; or
(2)
Requires review by the State Superintendent of Schools under Education Article, §2-303, Annotated Code of Maryland.
B.
This chapter does not apply to a project in a building that is not used primarily for the instruction of students, including an office building, warehouse, or vehicle maintenance or repair building.
C.
In this chapter, “IAC or its designee” includes “State Superintendent or designee” if State Superintendent approval is required by Education Article, §2-303(f), Annotated Code of Maryland.

Regulation .02 Alternative Project Proposal Review Assistance.Copy Citation

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The State Superintendent or designee may request assistance from the IAC or its designee when reviewing alternative project financing proposals.

Regulation .03 Educational and Design Standards Apply.Copy Citation

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All projects financed through alternative methods shall comply with State procedures for project design review.

Regulation .04 Use of Alternative Financing Methods.Copy Citation

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A.
A county or an LEA may use alternative financing methods for public school construction.
B.
An LEA shall obtain the approval of the county governing body to use an alternative financing method.
C.
Alternative financing shall be conducted consistent with Education Article, §4-126, Annotated Code of Maryland.
Chapter annotations
Authority: Education Article, §§4-126, 5-112, and 5-303, Annotated Code of Maryland
History: Effective date: May 21, 2007 (34:10 Md. R. 891)
History: Regulation .02 amended effective September 28, 2015 (42:19 Md. R. 1229)
History: COMAR 23.03.05 recodified to be COMAR 14.39.05 under new subtitle, Interagency Commission on School Construction, effective November 4, 2019 (46:22 Md. R. 979)
History: Regulation .01A amended effective November 4, 2019 (46:22 Md. R. 979)
History: Regulation .04C adopted effective November 4, 2019 (46:22 Md. R. 979)