Ch. 76                                     2004 LAWS OF MARYLAND

(F) (H) (1) ON OR BEFORE DECEMBER 15 OF EACH FISCAL YEAR, THE
DIRECTOR SHALL REPORT TO THE GOVERNOR AND, SUBJECT TO § 2-1246 OF THE
STATE GOVERNMENT ARTICLE, TO THE GENERAL ASSEMBLY, ON:

(I)      THE GRANTS INITIAL CREDIT CERTIFICATES AWARDED FOR
COMMERCIAL REHABILITATIONS UNDER THIS SECTION FOR THAT CALENDAR
FISCAL YEAR; AND

(II)     THE TAX CREDITS AWARDED FOR CERTIFIED
REHABILITATIONS COMPLETED IN THE PRECEDING FISCAL YEAR.

(2)      THE REPORT REQUIRED. UNDER PARAGRAPH (1) OF THIS
SUBSECTION SHALL INCLUDE FOR EACH COMMERCIAL REHABILITATION GRANT
INITIAL CREDIT CERTIFICATE AWARDED DURING THE CALENDAR YEAR FOR THE
FISCAL YEAR FOR A COMMERCIAL REHABILITATION:

(I)      THE NAME OF THE OWNER OR DEVELOPER OF THE
COMMERCIAL REHABILITATION;

(II)     THE NAME AND ADDRESS OF THE PROPOSED OR CERTIFIED
REHABILITATION AND THE COUNTY WHERE THE PROJECT IS LOCATED;

(III)   THE DATES OF RECEIPT AND APPROVAL BY THE DIRECTOR OF
ALL APPLICATIONS REGARDING THE PROJECT, INCLUDING APPLICATIONS:

1.       FOR CERTIFICATION THAT A STRUCTURE OR PROPERTY
WILL QUALIFY AS A CERTIFIED HERITAGE STRUCTURE; AND

2.       FOR APPROVAL OF THE PROPOSED REHABILITATION; AND

3. FOR CERTIFICATION OF THE COMPLETED

REHABILITATION; AND

(IV)    THE MAXIMUM AMOUNT OF THE CREDIT STATED IN THE
INITIAL CREDIT CERTIFICATE FOR THE PROJECT AND THE ESTIMATED
REHABILITATION EXPENDITURES STATED IN THE APPLICATION FOR APPROVAL OF
THE PLAN OF PROPOSED REHABILITATION.

(3)      THE REPORT REQUIRED UNDER PARAGRAPH (1) OF THIS
SUBSECTION SHALL INCLUDE FOR EACH CERTIFIED COMMERCIAL REHABILITATION
COMPLETED DURING THE PRECEDING FISCAL YEAR:

(I)      THE NAME OF THE OWNER OR DEVELOPER OF THE
COMMERCIAL REHABILITATION;

(II)     THE NAME AND ADDRESS OF THE CERTIFIED REHABILITATION
AND THE COUNTY WHERE THE PROJECT IS LOCATED;

(III)   THE DATES OF RECEIPT AND APPROVAL BY THE DIRECTOR OF
ALL APPLICATIONS REGARDING THE PROJECT; AND

(IV)    L THE MAXIMUM AMOUNT OF THE CREDIT STATED IN THE
INITIAL CREDIT CERTIFICATE FOR THE PROJECT AND THE ESTIMATED

- 388 -