§ 4-506
100 words·~1 min read·
/md/housing-and-community-development/4-506A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§4–506.
(a)In this section, “Fund” means the Workforce Housing Fund.
(b)There is a Workforce Housing Fund.
(c)As provided in the State budget, the Department shall use the Fund to operate and provide funds under the Workforce Housing Grant Program.
(d)The Fund consists of:
(1)money appropriated by the State;
(2)repayments of principal and payments of interest on loans made under the Workforce Housing Grant Program;
(3)amounts paid in connection with transfers of homeownership workforce housing units;
(4)money transferred to the Fund in accordance with this subtitle; and
(5)investment earnings of the Fund.