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Code · Maryland · Housing and Community Development

§ 6-207

95 words·~1 min read·/md/housing-and-community-development/6-207

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§6–207.
(a)The Department and the sponsor shall execute a community legacy agreement.
(b)The sponsor shall comply with the terms of the community legacy agreement and any regulations the Department adopts to carry out this subtitle.
(c)Not more than 15% of the total financial assistance that the Program provides may be used for noncapital expenditures.
(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.
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