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

1. A. Conformance to the requirements of any federal, State, or local programs in connection with a bond guaranty 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 Act.

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

Effective date: April 3, 1989 (16:6 Md. R. 730)

Regulation .03B amended effective April 16, 1990 (17:7 Md. R. 853)

Regulation .05 amended effective August 3, 1992 (19:15 Md. R. 1394)