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2005 LAWS OF MARYLAND
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Ch. 598
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(2) Shall be repaid within 30 years.
[(c)] (D) 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:
(1) The applicant certifies that the applicant is unable to obtain on
reasonable terms sufficient credit to finance its actual needs without the guarantee;
and
(2) The Board of Public Works determines that there is a reasonable
assurance of repayment of the loan obligation.
[(d)] (E) The eligible cost of a project for State financial assistance under §
9-275(a)(3) of this subtitle may include only the costs of plans, specifications,
equipment, construction, and rehabilitation or improvement as approved by the
Department.
[(e)](F) (1) EXCEPT AS PROVIDED IN PARAGRAPH (2) OF THIS SUBSECTION,
State financial assistance under § 9-275(a)(3) of this subtitle may not exceed 50
percent of the eligible costs.
(2) STATE FINANCIAL ASSISTANCE UNDER § 9-275(A)(3) OF THIS
SUBTITLE MAY BE UP TO 100 PERCENT OF THE ELIGIBLE COSTS IF THE DEPARTMENT
DETERMINES THAT:
(I) THE SCRAP TIRES WERE STORED, DISPOSED, OR PROCESSED ON
THE SITE BEFORE JULY 1, 1989; AND
(II) THE OWNER OR OPERATOR OF THE SITE HAD NO
RESPONSIBILITY FOR THE STORAGE, DISPOSAL, OR PROCESSING.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
October 1, 2005.
Approved May 26, 2005.
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CHAPTER 598
(House Bill 1272)
AN ACT concerning
Washington County Growth Management Act of 2005
FOR the purpose of providing that the Washington County Board of County
Commissioners may collect a building excise tax on certain construction within
Washington County prior to a certain time; authorizing the Washington County
Board of County Commissioners to waive the Washington County building
excise tax or impose different tax rates of the Washington County building
excise tax on certain construction; limiting the rate of the Washington County
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