<?xml version='1.0' encoding='utf-8'?>
<chapter num="05" heading="Alternative Financing" title_num="14" subtitle_num="39">
  <regulation prefix="Regulation" num=".01" heading="Scope.">
    <paragraph num="A.">
      <text>This chapter applies to a public school construction project for building, improvement, supplies, or equipment if it:</text>
      <paragraph num="(1)">
        <text>Exceeds $50,000 and has IAC planning or funding approval; or</text>
      </paragraph>
      <paragraph num="(2)">
        <text>Requires review by the State Superintendent of Schools under Education Article, §2-303, Annotated Code of Maryland.</text>
      </paragraph>
    </paragraph>
    <paragraph num="B.">
      <text>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.</text>
    </paragraph>
    <paragraph num="C.">
      <text>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.</text>
    </paragraph>
  </regulation>
  <regulation prefix="Regulation" num=".02" heading="Alternative Project Proposal Review Assistance.">
    <text>The State Superintendent or designee may request assistance from the IAC or its designee when reviewing alternative project financing proposals.</text>
  </regulation>
  <regulation prefix="Regulation" num=".03" heading="Educational and Design Standards Apply.">
    <text>All projects financed through alternative methods shall comply with State procedures for project design review.</text>
  </regulation>
  <regulation prefix="Regulation" num=".04" heading="Use of Alternative Financing Methods.">
    <paragraph num="A.">
      <text>A county or an LEA may use alternative financing methods for public school construction.</text>
    </paragraph>
    <paragraph num="B.">
      <text>An LEA shall obtain the approval of the county governing body to use an alternative financing method.</text>
    </paragraph>
    <paragraph num="C.">
      <text>Alternative financing shall be conducted consistent with Education Article, §4-126, Annotated Code of Maryland.</text>
    </paragraph>
  </regulation>
  <annotations>
    <annotation type="Authority">Education Article, §§4-126, 5-112, and 5-303, Annotated Code of Maryland</annotation>
    <annotation type="History" subtype="Administrative History">Effective date: May 21, 2007 (34:10 Md. R. 891)</annotation>
    <annotation type="History" subtype="Administrative History">Regulation .02 amended effective September 28, 2015 (42:19 Md. R. 1229)</annotation>
    <annotation type="History" subtype="Administrative 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)</annotation>
    <annotation type="History" subtype="Administrative History">Regulation .01A amended effective November 4, 2019 (46:22 Md. R. 979)</annotation>
    <annotation type="History" subtype="Administrative History">Regulation .04C adopted effective November 4, 2019 (46:22 Md. R. 979)</annotation>
  </annotations>
</chapter>