Loan agreements shall include:

1. A. Specification of the purpose, amount, manner of repayment, and other conditions required by the Board of Public Works;

2. B. The obligation of the applicant to:

   1. (1) Construct, install, and operate the pretreatment project in a manner which ensures compliance with pretreatment requirements and technical specifications;
   2. (2) Maintain the project for its expected life span;
   3. (3) Bind a successor in interest;
3. C. On loans over $2,500, a granting to the State of a security interest specified by the Department of the Environment in equipment, structures, or property purchased in whole or part with State monies.

Authority: Environment Article, §§9-345—9-349, Annotated Code of Maryland

Effective date: April 21, 1986 (13:8 Md. R. 900)

Chapter recodified from COMAR 10.50.06 to COMAR 26.03.07