Ch. 335                                        1995 LAWS OF MARYLAND

2-1308.

IN APPROVING APPLICATIONS FOR LOANS OR GRANTS, THE DEPARTMENT
SHALL CONSIDER:

(1)      THE NEED OF THE BENEFICIARIES OF THE PROPOSED LEAD
HAZARD REDUCTION ACTIVITY;

(2)      THE CAPACITY OF THE APPLICANT TO REPAY A LOAN;

(3)      THE OVERALL PUBLIC BENEFIT;

(4)      THE IMPACT ON THE SURROUNDING NEIGHBORHOOD OR

COMMUNITY; AND

(5)      ANY OTHER RELEVANT FACTORS AS DETERMINED BY THE
DEPARTMENT.

2-1309."

(A)     THE LEAD HAZARD REDUCTION GRANT PROGRAM AND THE LEAD
HAZARD REDUCTION LOAN PROGRAM SHALL BE OPERATED WITH MONEYS IN THE
SPECIAL LOAN PROGRAMS FUND, WHICH FUND IS A CONTINUING, NONLAPSING
SPECIAL FUND IDENTIFIED AND ADMINISTERED IN ACCORDANCE WITH §§ 2-313 AND
2-708 OF THIS TITLE.

(B)      IN ADDITION TO MONEYS DEPOSITED IN THE SPECIAL LOAN PROGRAMS
FUND IN ACCORDANCE WITH §§ 2-313 AND 2-708 OF THIS TITLE, THE FUND SHALL
ALSO CONSIST OF:

(1)      MONEYS APPROPRIATED BY THE STATE FOR THE LEAD HAZARD
REDUCTION GRANT PROGRAM AND THE LEAD HAZARD REDUCTION LOAN
PROGRAM; AND

(2)      ANY REPAYMENTS OF A GRANT OR REPAYMENT OF PRINCIPAL OR
PAYMENTS OF INTEREST ON A LOAN FROM THE FUND.

(C)     THE DEPARTMENT SHALL USE THE SPECIAL LOAN PROGRAMS FUND TO
MAKE GRANTS AND LOANS UNDER, AND COVER ADMINISTRATIVE COSTS RELATED
TO, THE LEAD HAZARD REDUCTION GRANT PROGRAM AND THE LEAD HAZARD
REDUCTION LOAN PROGRAM.

(D)     (1) ANNUALLY THE DEPARTMENT SHALL ALLOCATE MONEY IN THE
SPECIAL LOANS PROGRAMS FUND TO THE LEAD HAZARD REDUCTION GRANT
PROGRAM AND THE LEAD HAZARD REDUCTION LOAN PROGRAM.

(2) IN THE EVENT THE NUMBER OF ELIGIBLE APPLICATIONS FOR
FUNDS FROM THE LEAD HAZARD REDUCTION GRANT PROGRAM OR LOANS FROM
THE LEAD HAZARD REDUCTION LOAN PROGRAM IS INSUFFICIENT TO COMMIT ALL
MONEYS ALLOCATED TO THAT PROGRAM WITHIN 6 MONTHS OF THE ALLOCATION,
THEN THE DEPARTMENT MAY REALLOCATE ANY UNCOMMITTED MONEYS TO
OTHER PROGRAMS OF THE FUND.

- 2284 -