Md. Code Ann., Hous. & Cmty. Dev. § 6-207
Community legacy agreement
Effective Jun 1, 2010Added as Housing and Community Development § 6-208 by Acts 2005, c. 26, § 2, eff. Oct. 1, 2005. Renumbered as Housing and Community Development § 6-207 by Acts 2010, c. 487, § 1, eff. June 1, 2010.State of Maryland
- (a) The Department and the sponsor shall execute a community legacy agreement.
- (b) The sponsor shall comply with the terms of the community legacy agreement and any regulations the Department adopts to carry out this subtitle.
- (c) Not more than 15% of the total financial assistance that the Program provides may be used for noncapital expenditures.
(d) The Department may exercise any remedy provided under the community legacy agreement or by law if a sponsor:
- (1) violates any provision of the community legacy agreement; or
- (2) ceases to meet the requirements of this subtitle.
Added as Housing and Community Development § 6-208 by Acts 2005, c. 26, § 2, eff. Oct. 1, 2005. Renumbered as Housing and Community Development § 6-207 by Acts 2010, c. 487, § 1, eff. June 1, 2010.