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Session Laws, 1990 Session
Volume 436, Page 2098   View pdf image (33K)
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Ch. 491 LAWS OF MARYLAND

(1) THE NONPROFIT ORGANIZATION MEETS PERFORMANCE
AND OTHER STANDARDS ESTABLISHED BY THE DEPARTMENT; AND

(2) THE NONPROFIT ORGANIZATION HAS:

(!) COMPLETED, OR SUBSTANTIALLY COMPLETED, A
LOAN APPLICATION THAT HAS BEEN DEEMED ACCEPTABLE BY THE
DEPARTMENT TO UNDERTAKE A PROJECT WHICH IS FINANCED. IN
WHOLE OR IN PART, BY THE RENTAL HOUSING PROGRAMS FUND, THE
SPECIAL LOAN PROGRAMS FUND, OR THE HOMEOWNERSHIP PROGRAMS
FUND; OR

(II) PROVIDED ASSISTANCE TO INDIVIDUALS MAKING
APPLICATIONS FOR LOANS FROM ANY OF THE FUNDS REFERRED TO IN
ITEM (I) OF THIS PARAGRAPH AND THE DEPARTMENT OR A LOCAL
GOVERNMENT APPROVED BY THE DEPARTMENT HAS CERTIFIED THAT
THE NONPROFIT ORGANIZATION'S EFFORTS WERE RESPONSIBLE FOR
THE ORIGINATION OF THE APPLICATIONS.

2-1104.

(A) OPERATING ASSISTANCE GRANTS MADE UNDER THIS SUBTITLE
MAY NOT EXCEED AMOUNTS ESTABLISHED BY THE DEPARTMENT AND
MAY BE CALCULATED AS:

(1) A FIXED LUMP SUM;

(21 A PERCENTAGE OF THE COSTS OF UNDERTAKING A
PROJECT: OR

(3) A PERCENTAGE OF THE AMOUNT OF THE LOAN, IF ANY,
BEING FINANCED BY THE DEPARTMENT.

(B) A NONPROFIT ORGANIZATION MAY RECEIVE ONLY 1
OPERATING ASSISTANCE GRANT FOR CAPACITY BUILDING PURPOSES
UNDER § 2-1102 OF THIS SUBTITLE.

(C) A GRANT MADE UNDER § 2-1102 OF THIS SUBTITLE MAY BE FOR
A TERM OF 3 YEARS IF, IN THE DETERMINATION OF THE DEPARTMENT.
THE PERFORMANCE OF THE NONPROFIT ORGANIZATION IN THE FIRST
YEAR IS ACCEPTABLE AND FUNDS ARE APPROPRIATED AND AVAILABLE
IN THE SUCCEEDING YEARS.

(P) DURING ANY FISCAL YEAR, THE TOTAL AMOUNT OF ALL
OPERATING ASSISTANCE GRANTS MADE UNDER THIS SUBTITLE SHALL
BE MADE FROM, AND MAY NOT EXCEED, 1 PERCENT OF THE BUDGETED
MONEYS IN THE:

(11 RENTAL HOUSING PROGRAMS FUND IN THE CASE OF
GRANTS MADE IN RELATION TO PROGRAMS OR ACTIVITIES THAT ARE
OPERATED WITH MONEYS IN THAT FUND;

- 2098 -


 

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Session Laws, 1990 Session
Volume 436, Page 2098   View pdf image (33K)
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