Code of Maryland Regulations
Title 05 - DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT
Subtitle 13 - NEIGHBORHOOD BUSINESS DEVELOPMENT
Chapter 05.13.02 - Main Street Improvement Program
Section 05.13.02.06 - Grant Terms and Conditions

Universal Citation: MD Code Reg 05.13.02.06

Current through Register Vol. 51, No. 6, March 22, 2024

A. Local Contributions.

(1) A local contribution of cash from or on behalf of the local jurisdiction is required.

(2) The local contribution shall equal or exceed the grant amount.

(3) The local contribution may be derived from private funds or public funds other than State funds.

(4) The local contribution shall be used in the project funded by a grant under the Program.

B. The period of a grant may not exceed 12 months, unless the Director agrees in writing to an additional grant period. Extensions may be granted in the Director's discretion only for one period of not more than 3 months.

C. With the approval of the Department, a local jurisdiction may distribute all or a portion of a grant to a property owner or business in a business district, or other nonpublic entities which will be involved in a project. The local jurisdiction, however, shall remain responsible for the proper utilization, distribution, and administration of grant funds.

D. The Department may establish any other reasonable and necessary terms and conditions in an agreement evidencing the grant.

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