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§ 6-1004. Passive House Pilot Program Fund

West's Annotated Code of MarylandHousing and Community DevelopmentEffective: October 1, 2021

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 10. Passive House Pilot Program (Refs & Annos)
Effective: October 1, 2021
MD Code, Housing & Community Development, § 6-1004
§ 6-1004. Passive House Pilot Program Fund
Currentness
Establishment
(a) There is a Passive House Pilot Program Fund in the Department.
Purpose
(b) The purpose of the Fund is to cover the following costs of the Program:
(1) property acquisition costs;
(2) property renovation costs, including:
(i) demolition or deconstruction costs;
(ii) architectural and engineering design costs;
(iii) building material costs; and
(iv) passive house certification costs; and
(3) administrative costs.
Administration
(c) The Secretary or the Secretary's designee shall administer the Fund in accordance with this subtitle and any other applicable law.
Nature of fund
(d)(1) The Fund is a special, nonlapsing fund that is not subject to reversion under § 7-302 of the State Finance and Procurement Article.
(2) The State Treasurer shall hold the Fund separately, and the Comptroller shall account for the Fund.
Contents
(e) The Fund consists of:
(1) appropriations as provided in the State budget;
(2) any interest earnings of the Fund; and
(3) any other money from any other source accepted for the benefit of the Program.
Uses of Fund
(f) The Fund may be used only for the purposes described under subsection (b) of this section.
Investments
(g)(1) The State Treasurer shall invest the money of the Fund in the same manner as other State money may be invested.
(2) Any investment earnings of the Fund shall be credited to the Fund.
Audit
(h) The Fund is subject to audit by the Office of Legislative Audits as provided in § 2-1220 of the State Government Article.

Credits

Added by Acts 2021, c. 583, § 1, eff. Oct. 1, 2021.
MD Code, Housing & Community Development, § 6-1004, MD HOUS & CMTY DEV § 6-1004
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