PARRIS N. GLENDENING, Governor                                 Ch. 335

(C)     THE DEPARTMENT MAY ESTABLISH CRITERIA TO DETERMINE THE
ELIGIBILITY OF A LEAD HAZARD REDUCTION ACTIVITY FOR A GRANT FROM THE
LEAD HAZARD REDUCTION GRANT PROGRAM, WHICH MAY INCLUDE:

(1)      THE EXTENT TO WHICH THE LEAD HAZARD REDUCTION ACTIVITY
BENEFITS FAMILIES OF LIMITED INCOME;

(2)      THE NEED AND CIRCUMSTANCES OF THE OWNER-OCCUPANT OR
TENANTS OF THE RESIDENTIAL PROPERTY IN WHICH THE PROPOSED LEAD HAZARD
REDUCTION ACTIVITY WILL BE UNDERTAKEN; AND

(3)      WHETHER THE GRANT FUNDS RESEARCH INTO INNOVATIVE OR
UNPROVEN METHODS FOR LEAD HAZARD REDUCTION.

(D)     IN DETERMINING WHETHER TO MAKE A GRANT FROM THE LEAD
HAZARD REDUCTION GRANT PROGRAM, THE DEPARTMENT SHALL REQUIRE THAT
THE OWNER OF THE RESIDENTIAL PROPERTY OR CHILD CARE CENTER SUBMIT
EVIDENCE THAT THE OWNER DOES NOT HAVE THE CAPACITY TO UNDERTAKE LEAD
HAZARD REDUCTION ACTIVITY UNLESS THE OWNER RECEIVES A GRANT.

(E)     FOR GRANTS MADE UNDER THE LEAD HAZARD REDUCTION GRANT
PROGRAM, THE DEPARTMENT MAY REQUIRE THAT A GRANT BE REPAID, IN WHOLE
OR IN PART, UPON THE OCCURRENCE OF CONDITIONS SPECIFIED BY THE
DEPARTMENT.

2-1307.

(A)     THERE IS A LEAD HAZARD REDUCTION LOAN PROGRAM.

(B)     THE LEAD HAZARD REDUCTION LOAN PROGRAM MAY MAKE LOANS TO
FUND ANY LEAD HAZARD REDUCTION ACTIVITY.

(C)     LOANS UNDER THE PROGRAM MAY BE SECURED BY A MORTGAGE LIEN
OR OTHER SECURITY INTEREST ACCEPTABLE TO THE DEPARTMENT, AND MAY
INCLUDE SUCH TERMS AS THE DEPARTMENT DEEMS APPROPRIATE.

(D)     FOR LOANS MADE UNDER THE LEAD HAZARD REDUCTION LOAN
PROGRAM, THE DEPARTMENT MAY:

(1)      DEFER PAYMENT OF PRINCIPAL AND INTEREST; AND

(2)      ESTABLISH INTEREST RATES AS LOW AS ZERO PERCENT.

(E)     EACH LOAN SHALL CONTAIN TERMS REQUIRING REPAYMENT OF ALL
UNPAID PRINCIPAL AND ACCRUED INTEREST, INCLUDING DEFERRED INTEREST,
PROVIDED THAT THE LOAN TERMS MAY PERMIT THE DEPARTMENT TO FORGIVE
PAYMENT OR REPAYMENT OF ALL OR A PORTION OF THE PRINCIPAL AND INTEREST
OF A LOAN.

(F)      IF A LOAN IS IN DEFAULT, THE DEPARTMENT MAY MODIFY THE RATE OF
INTEREST, THE TIME OR AMOUNT OF PAYMENT, OR ANY OTHER TERM IN ORDER TO
ENSURE REPAYMENT OF THE LOAN AND ACHIEVE THE PURPOSES OF THE
PROGRAM.

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