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§ 6-507. Program agreement

West's Annotated Code of MarylandHousing and Community DevelopmentEffective: July 1, 2016

West's Annotated Code of Maryland
Housing and Community Development (Refs & Annos)
Division I. Housing and Community Programs [Titles 1-11] (Refs & Annos)
Title 6. Division of Neighborhood Revitalization (Refs & Annos)
Subtitle 5. Baltimore Regional Neighborhood Initiative Program (Refs & Annos)
Effective: July 1, 2016
MD Code, Housing & Community Development, § 6-507
§ 6-507. Program agreement
Currentness
In general
(a) The Department and a recipient of financial assistance from the Program shall execute a Program agreement.
Compliance with terms
(b) The recipient of financial assistance from the Program shall comply with the terms of the Program agreement.
Limitation on amount of financial assistance to be used for operating expenditures
(c) The Program agreement may not allow for more than 40% of the total financial assistance that the Program provides to be used for operating expenditures.
Remedies
(d) The Department may exercise any remedy provided under the Program agreement or by law if the recipient of financial assistance from the Program:
(1) violates any provision of the agreement; or
(2) ceases to meet any requirement of this subtitle.

Credits

Added by Acts 2016, c. 29, § 1, eff. July 1, 2016.
MD Code, Housing & Community Development, § 6-507, MD HOUS & CMTY DEV § 6-507
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document