The Authority may waive or vary particular provisions of these regulations to the extent that the waiver is not inconsistent with the Act if:
- A. Conformance to the requirements of any federal, State, or local programs in connection with a loan or insurance necessitates waiver or variance of a regulation; or
- B. In the determination of the Authority, the application of a regulation in a specific case or in an emergency situation would be inequitable or contrary to the purposes of the Act.
Authority: Economic Development Article, §2-108 and Title 5, Subtitle 4, Annotated Code of Maryland
Effective date: April 3, 1989 (16:6 Md. R. 730)