Ch. 43 LAWS OF MARYLAND
8-1004.

The operating budget of the Department [shall] MAY contain [a general fund]
AN appropriation FROM THE FUND sufficient to provide technical and
administrative services required to implement §§ 8-1002 and 8-1003 of this subtitle,
including but not limited to, review and evaluation of requests for assistance in shore
erosion control; supervision over construction of approved projects; and inspection of
completed projects to insure adequate maintenance. Costs of the services enumerated
in this section [are not] MAY SHALL BE REIMBURSED TO THE DEPARTMENT
BY THE PROPERTY OWNER AND MAY NOT BE considered part of the
construction cost of the project [, and shall be borne solely by the Statel.

8-1005.

(a) There is a "Shore Erosion Control Construction Loan Fund." The
Department shall administer the Fund [solely] to provide interest-free loans to
persons, municipalities, or counties for design and construction of shore erosion
structures, AND MAY UTILIZE THE FUND FOR ADMINISTRATIVE COSTS
UNDER § 8 1004 OF THIS SUBTITLE. The Fund shall be maintained by:

(1) Repayments of principal on loans made from the Fund, with the
repayments made through a benefit charge the State levies on privately owned property
benefited by shore erosion control projects. The benefit charge shall compensate the
State for net project construction cost. The benefit charge shall be levied at a uniform
rate over a period not exceeding 25 years;

(2) REPAYMENT OF ADMINISTRATIVE COSTS UNDER § 8-1004
OF THIS SUBTITLE; and

(2) (3) Annual appropriation of general funds to restore the Fund to a
level sufficient to carry out an effective shore erosion control construction loan program
during the succeeding year.

A property owner whose project is approved is eligible to receive an interest-free
loan covering 100 percent of the first $60,000 of project construction cost, 50 percent of
the next $20,000 of project construction cost, 25 percent of the next $20,000 of project
construction cost, and 10 percent of the part of construction cost exceeding $100,000.
However, where two or more property owners are included within a shore erosion
control project, the land of each property owner is considered a separate shore erosion
project for the purpose of computing net project construction cost under this formula.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take
effect July 1, 1990.

Approved April 10, 1990.

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