1. A. The following may apply for financial assistance under this chapter:

   1. (1) A qualified distressed county;
   2. (2) MEDCO, as a coapplicant with a qualified distressed county; or
   3. (3) Under the conditions set forth in §C of this regulation, MEDCO, as a coapplicant with a municipal corporation located in a qualified distressed county.
2. B. To be eligible for financial assistance under this chapter, MEDCO shall enlist as a coapplicant a qualified distressed county or municipal corporation.

3. C. A municipal corporation located in a qualified distressed county may coapply with MEDCO for financial assistance from the Fund in a manner consistent with the local strategic plan for economic development developed by the:

   1. (1) Department in consultation with the municipal corporation if the qualified distressed county has not developed a local strategic plan for economic development; or
   2. (2) Qualified distressed county if the qualified distressed county has developed a local strategic plan for economic development but is not actively pursuing financial assistance from the Fund.

4. D. As a coapplicant with MEDCO, a qualified distressed county or municipal corporation applying shall:

   1. (1) Certify that:

      1. (a) It supports the project, and
      2. (b) The proposed financial assistance is consistent with the qualified distressed county's plan for economic development; and
   2. (2) Provide to the Department details of the qualified distressed county's support for and participation in the project.

5. E. To be eligible for financial assistance under this chapter, an applicant shall:

   1. (1) Request funding for a project located in a qualified distressed county; and
   2. (2) Submit to the Department an application containing any information the Department or the Authority considers necessary in evaluating the request for financial assistance.

Authority: Economic Development Article, §2-108, Annotated Code of Maryland

Effective date: December 27, 1999 (26:26 Md. R. 1961)

Regulation .02B amended effective June 25, 2001 (28:12 Md. R. 1112)

Regulation .04E amended effective June 25, 2001 (28:12 Md. R. 1112)

Regulation .05B amended effective June 25, 2001 (28:12 Md. R. 1112)

Regulation .06 amended effective June 25, 2001 (28:12 Md. R. 1112)