WILLIAM DONALD SCHAEFER, Governor

Ch. 128

property except liens for taxes owed to the State or any subdivision thereof and earlier
mortgage liens. The Administration may sell any mortgage or other obligation held by it,
at public or private sale, with or without public bidding, including the sale of such
obligations and commitments to the solar energy and energy conservation bank pursuant
to Title V of the Energy Security Act, P.L. 96-294.

(ii) Coordinate the promotion of its programs of financial assistance
for energy conservation projects with the energy conservation promotion programs of the
Maryland Energy Office.

(iii) Coordinate its programs of financial assistance for energy
conservation and solar energy projects with the activities of the Maryland Energy Office,
public utilities, and other organizations involved in implementing the residential
conservation service program under Titles II and VII of the National Energy
Conservation Policy Act, P.L. 95-619, and, in particular, the Administration shall apply
for inclusion on any master list of lenders compiled by the Maryland Energy Office in
conjunction with the residential conservation service program and otherwise participate
in the program.

(iv) The Administration shall take all actions necessary to participate
in the programs of financial assistance for energy conservation projects and solar energy
projects under Title V, Subtitle A of the Energy Security Act, P.L. 96-294. In furtherance
thereof, the Administration shall be specifically deemed to be, for purposes of that Act, a
"financial institution", as defined in Title V, Subtitle A, § 504(9) of that Act.

(v) 1. Consistent with the provisions of this subtitle that generally
concern the powers of the Administration to award financial assistance for energy
conservation projects and solar energy projects, the Administration shall adopt policies
and rules and regulations to establish and implement programs of financial assistance to
eligible persons for energy conservation projects and solar energy projects as authorized
by this subtitle.

2. The policies and rules and regulations adopted by the
Administration under this subsection shall include provisions concerning:

A.      Eligibility and application requirements;

B.      Interest rates, maximum loan amounts, and the terms of
loans;

C.      Allocations of funds among classes of eligible buildings;

D.      Credit and underwriting requirements; and

E.      Warranties, representations, forms of security, certifications,
inspections and audits, and any other means of ensuring compliance with and enforcing
the terms of any financial assistance awarded under this subtitle.

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