Volume 737, Page 1378 View pdf image |
1378 LAWS OF MARYLAND Ch. 494 COSTS OF AN INDUSTRIAL OR COMMERCIAL REDEVELOPMENT PROJECT LOAN OR GRANT MAY BE: (1) EXPENDED DIRECTLY BY THE POLITICAL SUBDIVISION; (2) LOANED OR GRANTED BY THE POLITICAL [3) USED BY THE POLITICAL SUBDIVISION TO COMMITMENT TO CARRY OUT PART OR ALL OF AN INDUSTRIAL OR COMMERCIAL REDEVELOPMENT PROJECT. (B) THE DEPARTMENT SHALL MAKE THE LOAN OR GRANT FROM (C) (1) A LOAN OR GRANT MAY BE FOR UP TO 90 PERCENT OF OF LOANS,MADE TO OR WITHIN ANY ONE COUNTY OR BALTIMORE CITY, MAY NOT EXCEED 40% OF THE AGGREGATE CUMULATIVE TOTAL (2) AS DETERMINED BY THE SECRETARY, THE (I) MAY BE REPAYABLE, IN WHOLE OR IN PART, (II) MAY BE NONINTEREST BEARING OR BEAR THE LOAN; (III) TO THE EXTENT THAT IT IS TO BE (IV) TO THE EXTENT THAT IT IS TO BE (D) THE SECRETARY MAY ADOPT REGULATIONS GOVERNING ALL FORMATS IN NONREGULATORY FORM. 463.
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Volume 737, Page 1378 View pdf image |
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