<?xml version='1.0' encoding='utf-8'?>
<regulation prefix="Regulation" num=".07" citation="COMAR 24.05.18.07" title_num="24" subtitle_num="05" chapter_num="18" heading="Additional Requirements for Loans Made with Restricted Funds.">
  <paragraph num="A.">
    <text>Federal Requirements. When loans are made from EDA funds made available under Title IX of the Public Works and Economic Development Act of 1965, P. L. 89-136, as amended (42 U.S.C. §3121 et seq.), or matching funds, the requirements set forth in the EDA regulations, including those set forth in this regulation, also apply.</text>
  </paragraph>
  <paragraph num="B.">
    <text>Loan Amount. The maximum loan amount may not exceed the limit set by the regulations of the Economic Development Administration.</text>
  </paragraph>
  <paragraph num="C.">
    <text>Eligible Areas.</text>
    <paragraph num="(1)">
      <text>Restricted funds shall be used to make loans only to applicants located in those areas of the State designated as eligible areas for EDA Title IX defense economic adjustment activities.</text>
    </paragraph>
    <paragraph num="(2)">
      <text>When restricted funds are loaned, the loan documents shall include a provision to call the loans if the economic activity financed is moved outside the eligible lending area.</text>
    </paragraph>
  </paragraph>
  <paragraph num="D.">
    <text>Relocation.</text>
    <paragraph num="(1)">
      <text>Restricted funds may not be used to relocate jobs from one commuting area to another.</text>
    </paragraph>
    <paragraph num="(2)">
      <text>When restricted funds are loaned, the loan documents shall include a provision to call the loans if the Department determines that:</text>
      <paragraph num="(a)">
        <text>The applicant used the restricted funds to relocate jobs from another commuting area; or</text>
      </paragraph>
      <paragraph num="(b)">
        <text>The economic activity financed is moved to another commuting area to the detriment of local workers.</text>
      </paragraph>
    </paragraph>
  </paragraph>
  <paragraph num="E.">
    <text>Civil Rights. When restricted funds are loaned, the applicant shall agree in the loan documents not to discriminate against employees, applicants for employment, or providers of goods and services.</text>
  </paragraph>
  <paragraph num="F.">
    <text>Flood Hazard Insurance. Where applicable, the applicant shall obtain flood hazard insurance pursuant to the Flood Disaster Protection Act of 1973, P. L. 93-234, as amended (42 U.S.C. §4002 et seq.)</text>
  </paragraph>
  <paragraph num="G.">
    <text>Contract Work Hours and Safety Standards Act and Anti-Kickback Act. Applicants borrowing restricted funds shall comply, where applicable, with the Contract Work Hours and Safety Standards Act, as amended (40 U.S.C. §§327—333) and with the Anti-Kickback Act, as amended (40 U.S.C. §276(c), 18 U.S.C. §874).</text>
  </paragraph>
  <paragraph num="H.">
    <text>Conflict of Interest. Applicants with a conflict of interest, as defined by EDA, may not receive restricted funds.</text>
  </paragraph>
  <paragraph num="I.">
    <text>Federal Debarment. Applicants who are debarred or suspended may not receive restricted funds.</text>
  </paragraph>
  <paragraph num="J.">
    <text>Restrictions on Lobbying. Applicants shall comply with federal restrictions on lobbying.</text>
  </paragraph>
  <paragraph num="K.">
    <text>Private Leveraging. Applicants shall be required to provide evidence acceptable to the Department of other financing from private sources.</text>
  </paragraph>
</regulation>