Ch. 187 LAWS OF MARYLAND

(1) THE WATER QUALITY FOR PUBLIC HEALTH IMPACTS
CAUSED BY EXISTING CIRCUMSTANCES;

(2) PREVIOUS EFFORTS EXPENDED TO CORRECT ANY
EXISTING PROBLEM;

(3) FINANCIAL CAPABILITY OF THE APPLICANT;

(4) THE PROBLEM PREVENTION ASPECTS OF A PROPOSED
PROJECT;

(5) COST EFFECTIVENESS OF A PROPOSED PROJECT;

(6) PLANNING REQUIREMENTS;

(7) PROVISIONS FOR MONITORING AND REVIEW; AND

(8) MEASURES TO ASSURE ACCOUNTABILITY FOR ALL FUNDS
AWARDED UNDER THIS SUBTITLE.

(B) THE SECRETARY SHALL ESTABLISH PROJECT PRIORITY

SYSTEMS.

9-424.

(A) A LOAN GUARANTEE OF THE PRINCIPAL OF OR INTEREST ON
ANY COMMERCIAL LOAN OR OBLIGATION TO FINANCE THE ELIGIBLE
COST OF A PROJECT UNDER THIS SUBTITLE MAY ONLY BE MADE IF THE
APPLICANT CERTIFIES THAT IT IS UNABLE TO OBTAIN ON REASONABLE
TERMS SUFFICIENT CREDIT TO FINANCE ITS ACTUAL NEEDS WITHOUT
THE GUARANTEE AND IF THE BOARD OF PUBLIC WORKS DETERMINES
THAT THERE IS A REASONABLE ASSURANCE OF REPAYMENT OF THE
LOAN OBLIGATION.

(B) A LOAN GUARANTEE MAY NOT EXCEED $500,000 FOR EACH
PROJECT OR PART OF A PROJECT IN ANY CALENDAR YEAR UNLESS THE
BOARD OF PUBLIC WORKS DETERMINES THAT EXTRAORDINARY
CIRCUMSTANCES EXIST.

9-425.

THE ELIGIBLE COST OF A PROJECT FOR STATE FINANCIAL
ASSISTANCE UNDER THIS SUBTITLE MAY INCLUDE THE COSTS OF
REPORTS, PLANS, SPECIFICATIONS, LEGAL AND ADMINISTRATIVE
SERVICES, EQUIPMENT, CONSTRUCTION, REHABILITATION, OR
IMPROVEMENT, AND MAY INCLUDE LAND, EASEMENTS, AND
RIGHTS-OF-WAY.

9-426.

TO RECEIVE FINANCIAL ASSISTANCE FROM THE FUND, THE
PROJECT MUST BE INCLUDED IN THE COUNTY WATER AND SEWER PLAN

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