§ 1-1104
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/md/local-government/1-1104A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§1–1104.
(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.
(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.