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§ 1-1104. Requirements for ordinance or resolution

West's Annotated Code of MarylandLocal GovernmentEffective: October 1, 2021

West's Annotated Code of Maryland
Local Government (Refs & Annos)
Division I. Definitions; General Provisions [Titles 1-3] (Refs & Annos)
Title 1. Definitions; General Provisions (Refs & Annos)
Subtitle 11. Clean Energy Loan Programs (Refs & Annos)
Effective: October 1, 2021
MD Code, Local Government, § 1-1104
Formerly cited as MD CODE, Art. 24, § 9-1502
§ 1-1104. Requirements for ordinance or resolution
Currentness
In general
(a) An ordinance or resolution enacted under § 1-1102 of this subtitle shall provide for:
(1) eligibility requirements for participation in the program, including eligibility requirements for:
(i) energy and water efficiency projects, renewable energy devices, environmental remediation projects, and resiliency projects; and
(ii) property and property owners; and
(2) loan terms and conditions, including a provision that requires that a loan be repaid over a term not to exceed the useful life of the project as determined by the program.
Eligibility requirements to include ability to repay loan
(b) Eligibility requirements under subsection (a) of this section shall include a requirement that the county or municipality give due regard to the property owner's ability to repay a loan provided under the program, in a manner substantially similar to that required for a mortgage loan under §§ 12-127, 12-311, 12-409.1, 12-925, and 12-1029 of the Commercial Law Article.

Credits

Added by Acts 2013, c. 119, § 2, eff. Oct. 1, 2013. Amended by Acts 2014, c. 472, § 1, eff. Oct. 1, 2014; Acts 2014, c. 473, § 1, eff. Oct. 1, 2014; Acts 2021, c. 441, § 1, eff. Oct. 1, 2021.
MD Code, Local Government, § 1-1104, MD LOCAL GOVT § 1-1104
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.
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