The Authority may waive or vary particular provisions of these regulations to the extent that the waiver is not inconsistent with the MIDFA Act or the Revenue Bond Act if:

1. A. Conformance to the requirements of any federal, State, or local programs in connection with a loan or financial assistance necessitates waiver or variance of a regulation; or
2. 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 MIDFA Act or the Revenue Bond Act.

Authority: Economic Development Article,§2-108, Title 5, Subtitle 4, and Title 12, Subtitle 1, Annotated Code of Maryland

Effective date: April 16, 1990 (17:7 Md. R. 853)

Regulation .16 adopted effective April 15, 1991 (18:7 Md. R. 775)