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Ch. 567
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Martin O'Malley, Governor
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(8) "Local historic district" means a district that the governing body of
a county or municipal corporation, or the Mayor and City Council of Baltimore, has
designated under local law as historic.
(9) "NATIONAL REGISTER STRUCTURE" MEANS A STRUCTURE
THAT IS:
(I) LISTED ON THE NATIONAL REGISTER OF HISTORIC
PLACES; OR
(II) LOCATED IN A HISTORIC DISTRICT LISTED ON THE
NATIONAL REGISTER OF HISTORIC PLACES AND CERTIFIED BY THE DIRECTOR
AS CONTRIBUTING TO THE SIGNIFICANCE OF THE DISTRICT.
[(9)] (10) "Qualified rehabilitation expenditure" means any amount
that:
(i) is properly chargeable to a capital account;
(ii) is expended in the rehabilitation of a structure that by the
end of the calendar year in which the certified rehabilitation is completed is a certified
heritage structure;
(iii) is expended in compliance with a plan of proposed
rehabilitation that has been approved by the Director; and
(iv) is not funded, financed, or otherwise reimbursed by any:
1. State or local grant;
2. grant made from the proceeds of tax-exempt bonds
issued by the State, a political subdivision of the State, or an instrumentality of the
State or of a political subdivision of the State;
3. State tax credit other than the tax credit under this
section; or
4. other financial assistance from the State or a political
subdivision of the State, other than a loan that must be repaid at an interest rate that
is greater than the interest rate on general obligation bonds issued by the State at the
most recent bond sale prior to the time the loan is made.
[(10)] (11) "Substantial rehabilitation" means rehabilitation of a
structure for which the qualified rehabilitation expenditures, during the 24-month
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- 3689 -
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