2505.1 For purposes of these regulations, the term "project" shall be defined to mean a proposal to:

1. (a) Obtain financing to acquire interests in real property (including by purchase, lease or donation), including financing to cover planning, development, and other incidental costs;
2. (b) Obtain financing for construction of facilities or the renovation, repair, or alteration of existing property or facilities (including the purchase or replacement of fixtures and equipment), including financing to cover planning, development, and other incidental costs; or
3. (c) Enhance the availability of loans (including mortgages) and bonds.

2505.2 In order to be eligible for a grant under the Program, a project shall have prior approval for financing, or financing contingent on a Qualified Credit Enhancement that does not exceed the maximum grant amount established in § 2503 of these regulations.

SOURCE: Emergency Rulemaking published at 48 DCR 2951 (March 30, 2001) [EXPIRED]; as amended by Emergency Rulemaking published at 48 DCR 2951 (May 4, 2001) [EXPIRED]; as amended by Emergency Rulemaking published at 48 DCR 3899 (August 17, 2001) [EXPIRED]; as amended by Final Rulemaking published at 48 DCR 9630 (October 19, 2001).