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ROBERT L. EHRLICH, JR., Governor S.B. 10
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(iv) Has executed an extended lease and returned it to the developer
within 60 days after the giving of the notice required by § 11-102.1 of this title.
(c) The developer shall deliver to each tenant entitled to receive the notice
required by § 11-102.1 of this title, simultaneously with the notice:
(1) An application on which may be included all of the information
required by subsection (b)(3) of this section;
(2) A lease containing the terms required by this section and clearly
indicating that the lease will be effective only if:
(i) The tenant executes and returns the lease not later than 60
days after the giving of the notice required by § 11-102.1 of this title; and
(ii) The household is allocated 1 of the units required to be made
available to qualified households based on its ranking under subsection (k) of this
section and the number of tenants executing and returning leases;
(3) A notice, delivered in the form specified in § 11-102.1(f) of this title,
setting forth the rights and obligations of the tenant under this section; and
(4) A copy of the public offering statement which is registered with the
Secretary of State.
(d) Within 75 days after the giving of the notice required by § 11-102.1 of this
title, the developer shall notify each household which submits to the developer the
documentation required by subsection (b)(3) of this section:
(1) Whether the household meets the criteria of subsection (b) of this
section, and, if not, an explanation of which criteria have not been met; and
(2) Whether the extended lease has become effective.
(e) Within 75 days after the giving of the notice required by § 11-102.1 of this
title, the developer shall provide to any county, incorporated municipality, or housing
agency which has a right to purchase units in the rental facility under § 11-139 of this
title:
(1) A notice indicating the number of units in the rental facility being
made available to qualified households under subsection (k)(1) of this section;
(2) A list of all households meeting the criteria of subsection (b) of this
section, indicating the ranking of each in relation to that number;
(3) A list of all households returning the affidavit required by subsection
(b) of this section which do not meet all the criteria of subsection (b) of this section and
copies of the notifications sent to these households under subsection (d) of this
section; and
(4) A list of all households as to whom a lease has become effective.
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- 2963 -
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