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§ 6-207. Community legacy agreement

West's Annotated Code of MarylandHousing and Community DevelopmentEffective: June 1, 2010

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 2. Community Legacy Program (Refs & Annos)
Effective: June 1, 2010
MD Code, Housing & Community Development, § 6-207
§ 6-207. Community legacy agreement
Currentness
In general
(a) The Department and the sponsor shall execute a community legacy agreement.
Compliance
(b) The sponsor shall comply with the terms of the community legacy agreement and any regulations the Department adopts to carry out this subtitle.
Noncapital expenditures
(c) Not more than 15% of the total financial assistance that the Program provides may be used for noncapital expenditures.
Violation
(d) The Department may exercise any remedy provided under the community legacy agreement or by law if a sponsor:
(1) violates any provision of the community legacy agreement; or
(2) ceases to meet the requirements of this subtitle.

Credits

Added as Housing and Community Development § 6-208 by Acts 2005, c. 26, § 2, eff. Oct. 1, 2005. Renumbered as Housing and Community Development § 6-207 by Acts 2010, c. 487, § 1, eff. June 1, 2010.
MD Code, Housing & Community Development, § 6-207, MD HOUS & CMTY DEV § 6-207
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