- A. The Program shall be operated with moneys in the Neighborhood Business Development Fund, which is a continuing, nonlapsing special fund consisting of those items as provided for in Housing and Community Development Article, Title 6, Subtitle 3, Annotated Code of Maryland.
- B. In connection with the Program, the Department may use moneys from the Fund to make premium payments under the Program and to pay expenses of the Program.
- C. At any time following the first 8 months of a fiscal year, the Department may transfer, subject to approval of the Legislative Policy Committee and subject to the provisions of State Finance and Procurement Article, §7-209, Annotated Code of Maryland, unencumbered moneys in the Fund to any other fund under Housing and Community Development Article, Title 4, Annotated Code of Maryland.
Authority: Housing and Community Development Article, §§2-102 and 4-504, and Title 6, Subtitle 3, Annotated Code of Maryland
Effective date: December 25, 2000 (27:25 Md. R. 2279)
Regulation .03B amended effective June 19, 2006 (33:12 Md. R. 996)
Regulation .11C amended effective June 19, 2006 (33:12 Md. R. 996)
Regulation .12B amended effective June 19, 2006 (33:12 Md. R. 996)
Regulation .17A amended effective June 19, 2006 (33:12 Md. R. 996)
Regulation .25 amended effective March 16, 2015 (42:5 Md. R. 485)