Ch. 314

2003 LAWS OF MARYLAND

(1) MONEYS APPROPRIATED IN THE STATE BUDGET TO THE
NEIGHBORHOOD INTERVENTION FUND;

(2) EARNINGS FROM THE INVESTMENT OF MONEYS IN THE
NEIGHBORHOOD INTERVENTION FUND;

(3) REPAYMENTS AND PREPAYMENTS OF FINANCIAL ASSISTANCE
PROVIDED BY THE PROGRAM FOR NEIGHBORHOOD INTERVENTION PROJECTS;

(4) MONEYS ALLOCATED TO THE NEIGHBORHOOD INTERVENTION FUND
BY THE BOARD IN ACCORDANCE WITH § 4-813 OF THIS SUBTITLE; AND

(5) ANY OTHER MONEYS ACCEPTED FOR THE BENEFIT OF THE
NEIGHBORHOOD INTERVENTION FUND FROM ANY GOVERNMENTAL OR PRIVATE
SOURCE.

(C) THE NEIGHBORHOOD INTERVENTION FUND SHALL BE USED ONLY FOR
NEIGHBORHOOD INTERVENTION PROJECTS.

(D) AT ANY TIME FOLLOWING DECEMBER 1 OF EACH FISCAL YEAR, THE
DEPARTMENT MAY TRANSFER, SUBJECT TO THE PROVISIONS OF § 7-209 OF THE
STATE FINANCE AND PROCUREMENT ARTICLE, UNENCUMBERED MONEYS IN THE
NEIGHBORHOOD INTERVENTION FUND TO THE COMMUNITY LEGACY FINANCIAL
ASSISTANCE FUND EXCEPT AS MAY BE PROVIDED IN THE STATE BUDGET.

4-813.

(A)     THE BOARD MAY WAIVE THE REQUIREMENTS OF §§ 4-804(B)(1) AND 4-805
OF THIS SUBTITLE REGARDING THE DESIGNATION OF A COMMUNITY LEGACY AREA
AND A COMMUNITY LEGACY PLAN FOR APPLICATIONS REQUESTING FINANCIAL
ASSISTANCE SOLELY FOR A NEIGHBORHOOD INTERVENTION PROJECT.

(B)     (1) THE BOARD SHALL ANNUALLY ALLOCATE TO THE NEIGHBORHOOD
INTERVENTION FUND ESTABLISHED UNDER § 4-812 OF THIS SUBTITLE ANY
REPAYMENTS OF FINANCIAL ASSISTANCE RECEIVED UNDER SUBSECTION (D) OF
THIS SECTION.

(2) (1) THE BOARD SHALL ANNUALLY ALLOCATE A PERCENTAGE, NO
LESS THAN 15% 10%, OF THE COMMUNITY LEGACY FINANCIAL ASSISTANCE FUND TO
THE NEIGHBORHOOD INTERVENTION FUND, WHICH AMOUNT SHALL INCLUDE ANY
REPAYMENTS ALLOCATED UNDER PARAGRAPH (1) OF THIS SUBSECTION PROJECTS.

(2) THE BOARD MAY NOT AWARD MORE THAN $500,000 IN FINANCIAL
ASSISTANCE FOR A NEIGHBORHOOD INTERVENTION PROJECT.

(C)     TO RECEIVE FINANCIAL ASSISTANCE FOR A NEIGHBORHOOD
INTERVENTION PROJECT DESCRIBED IN § 4-801(L)(l) OF THIS SUBTITLE, THE
SPONSOR SHALL AGREE TO USE THE FINANCIAL ASSISTANCE, AND ANY
REPAYMENTS AND PREPAYMENTS, PRIMARILY TO MAKE LOANS FOR THE PURPOSE
SET FORTH IN § 4-801(L)(1) OF THIS SUBTITLE.

(D)     TO RECEIVE FINANCIAL ASSISTANCE FOR A NEIGHBORHOOD
INTERVENTION PROJECT DESCRIBED IN § 4-801(L)(2) OF THIS SUBTITLE, THE

- 2334 -