<?xml version='1.0' encoding='utf-8'?>
<regulation prefix="Regulation" num=".04" citation="COMAR 24.05.23.04" title_num="24" subtitle_num="05" chapter_num="23" heading="Eligible Applicants.">
  <paragraph num="A.">
    <text>The following may apply for financial assistance under this chapter:</text>
    <paragraph num="(1)">
      <text>A qualified distressed county;</text>
    </paragraph>
    <paragraph num="(2)">
      <text>MEDCO, as a coapplicant with a qualified distressed county; or</text>
    </paragraph>
    <paragraph num="(3)">
      <text>Under the conditions set forth in §C of this regulation, MEDCO, as a coapplicant with a municipal corporation located in a qualified distressed county.</text>
    </paragraph>
  </paragraph>
  <paragraph num="B.">
    <text>To be eligible for financial assistance under this chapter, MEDCO shall enlist as a coapplicant a qualified distressed county or municipal corporation.</text>
  </paragraph>
  <paragraph num="C.">
    <text>A municipal corporation located in a qualified distressed county may coapply with MEDCO for financial assistance from the Fund in a manner consistent with the local strategic plan for economic development developed by the:</text>
    <paragraph num="(1)">
      <text>Department in consultation with the municipal corporation if the qualified distressed county has not developed a local strategic plan for economic development; or</text>
    </paragraph>
    <paragraph num="(2)">
      <text>Qualified distressed county if the qualified distressed county has developed a local strategic plan for economic development but is not actively pursuing financial assistance from the Fund.</text>
    </paragraph>
  </paragraph>
  <paragraph num="D.">
    <text>As a coapplicant with MEDCO, a qualified distressed county or municipal corporation applying shall:</text>
    <paragraph num="(1)">
      <text>Certify that:</text>
      <paragraph num="(a)">
        <text>It supports the project, and</text>
      </paragraph>
      <paragraph num="(b)">
        <text>The proposed financial assistance is consistent with the qualified distressed county's plan for economic development; and</text>
      </paragraph>
    </paragraph>
    <paragraph num="(2)">
      <text>Provide to the Department details of the qualified distressed county's support for and participation in the project.</text>
    </paragraph>
  </paragraph>
  <paragraph num="E.">
    <text>To be eligible for financial assistance under this chapter, an applicant shall:</text>
    <paragraph num="(1)">
      <text>Request funding for a project located in a qualified distressed county; and</text>
    </paragraph>
    <paragraph num="(2)">
      <text>Submit to the Department an application containing any information the Department or the Authority considers necessary in evaluating the request for financial assistance.</text>
    </paragraph>
  </paragraph>
</regulation>