Maryland Administrative Code

.02 Definitions. A. In this chapter, the following terms have the meanings indicated. B. Terms Defined. (1) “Approved nonprofit organization” means a nonprofit organization that has been designated by a local jurisdiction to apply for Program funding on behalf of that local juris…

.03 Eligible Grantees. A. Local jurisdictions and approved nonprofit organizations are eligible to receive grants under the Program. B. Applicants shall meet the following minimum requirements to qualify for a Program grant: (1) Have the legal capacity to enter into a grant agree…

.04 Eligible Uses of Funds. A. Grant funds may be used to pay for costs associated with projects which support the development or revitalization of business districts, including: (1) Gateway, directional, or highway signage associated with a business district; (2) Acquisition, de…

.05 Grant Allocation System and Award Cycle. A. Grant Allocation. (1) Grant funds shall be allocated in accordance with the criteria set forth in Regulation .07B of this chapter. Grant awards to eligible applicants shall take into consideration the need to fund a variety of proje…

.06 Grant Terms and Conditions. A. Local Contributions. (1) A local contribution of cash from or on behalf of the local jurisdiction is required. (2) The local contribution shall equal or exceed the grant amount. (3) The local contribution may be derived from private funds or pub…

.07 Applications and Processing. A. Applications shall be made upon standard forms prescribed by the Department. Each application shall include sufficient information and documentation to determine the: (1) Type of project; (2) Cost of a project; (3) Support for a project by a lo…

.08 Designation of a Maple Street Community. A. A community must be located within a priority funding area identified under State Finance and Procurement Article, §5-7B-02, Annotated Code of Maryland, to be eligible for a Maple Street community designation. B. An application subm…

.09 Program Administration. A. Except as otherwise set forth in this chapter, the Department designates the Division to administer all aspects of the Program, and to be a party to each agreement executed in connection with a grant. B. Except as otherwise set forth in this chapter…

.10 Books and Accounts. Local jurisdictions shall maintain such books, accounts, and records and shall file with the Department such financial and other reports as the Department may require. All of these books, accounts, and records shall be open to the inspection of the Departm…

.11 Nondiscrimination; Drug and Alcohol Free Workplace. A. Local jurisdictions and approved nonprofit organizations may not discriminate on the basis of race, color, religion, national origin, sex, marital status, physical or mental disability, sexual orientation, or age, except …

.12 Waiver. The Secretary may waive or vary the provisions of this chapter to the extent that the waiver or variance is consistent with the legal authorizations for the Program, if, in the written determination of the Secretary, the application of a regulation in a specific case,…

.13 False Statements. A person may not knowingly make or cause to be made any false statement or report in a document required to be furnished to the Department by any agreement relating to the Program.

.01 Purpose. The purpose of the Maryland Town Manager Circuit Rider Grant Program is to provide grants to assist eligible municipal governments to build their management capabilities by supplying needed managerial expertise through circuit riding managers.

.02 Definitions. A. In this chapter, the following terms have the meanings indicated. B. Terms Defined. (1) “Circuit” means a group of two or more municipalities that agree to share the services of a circuit rider, or a municipality and a county that agree to share an individual …

.03 Eligible Grantees. Circuit sponsors are eligible grantees under the Program.

.04 Eligible Use of Funds. A. The Department may provide grants under the Program to eligible grantees for the purpose of defraying the costs associated with: (1) The managerial services of a circuit rider as described in the budget of an applicant that has been approved by the D…

.05 General Grant Allocation Procedures and Award Cycle. A. The Department's financial participation in the Program shall be subject to available funding. B. Grant funds shall be allocated in accordance with the procedures set forth in these regulations, and the Department may gi…

.06 Grant Terms and Conditions. A. Existing and proposed circuits applying for a grant shall be represented by a circuit sponsor acceptable to the Department. The circuit sponsor shall: (1) Be responsible for the administration of grant funds and the collection of the local contr…

.07 Applications, Letters of Intent, and Processing. A. Existing Circuits. (1) On or before May 1 of each calendar year, the Program shall notify the circuit sponsor of each existing circuit that the Department is accepting applications for the upcoming fiscal year. (2) The notif…

.08 Program Administration. Except for powers reserved to the Secretary or the Secretary's designee under these regulations, actions or decisions to be taken or made by the Department with respect to the operation of the Program may be taken or made by the Director, or the Direct…

.09 Books and Accounts. Circuit sponsors shall maintain such books, accounts, and records, and shall file with the Department such financial reports, progress reports, and other reports as the Department may from time to time require. All of these books, accounts, and records sha…

.10 Nondiscrimination; Drug and Alcohol Free Workplace. A. Circuits and circuit sponsors may not discriminate on the basis of race, color, religion, national origin, sex, marital status, physical or mental disability, sexual orientation, or age, except with regard to age as permi…

.11 Waiver. The Secretary may waive or vary particular provisions of these regulations to the extent that the waiver is consistent with the legal authorizations for the Program, if: A. In the written determination of the Secretary, the application of a regulation in a specific ca…

.12 False Statements. A person may not knowingly make or cause to be made any false statement or report in any document required to be furnished to the Department by any contract or agreement relating to the Program.

.01 General. This chapter describes the policies, procedures, and authorizations for providing financial assistance to eligible small businesses from the Neighborhood Business Development Fund through the Capital Access Program, and for administering the Capital Access Program.

.02 Objectives. A. The objectives of the Capital Access Program as set forth in Housing and Community Development Article, Title 6, Subtitle 3, Annotated Code of Maryland, are to foster economic growth and development in the State by: (1) Stimulating the provision of private capi…

.03 Definitions. A. In this chapter, the following words have the meanings indicated, and also as defined in Housing and Community Development Article, Title 6, Subtitle 3, Annotated Code of Maryland. B. Terms Defined. (1) “Amount”, as used in this chapter in connection with a lo…

.04 Eligible Lender; Inspection of Lender Files by Department. A. A lender is eligible to participate in the Program upon entering into a participation agreement with the Department that governs the duties of the Department and the lender under the Program. Each participation agr…

.05 No Legal or Equitable Interest by Department. Except upon the exercise of the Department's right of subrogation under this chapter, the Department has no legal or equitable interest in any collateral, security, or other right of recovery in connection with any loan enrolled i…

.06 Creation of Reserve Account. Upon execution of a participation agreement between the Department and the lender, the Department shall establish a federally insured reserve account with the lender in the name of the Department, for the purpose of receiving all: A. Required prem…

.07 Control of Money in Reserve Account by Department. A. All money deposited or otherwise credited to the reserve account is under the exclusive control of the Department. The Department may not withdraw money from the reserve account, except as specifically provided in this cha…

.08 Pledge to Lender by Department. A. The Department shall pledge the following to the lender: (1) The money in the reserve account is available to pay claims under Regulation .19 of this chapter; (2) The lender has a first security interest in the money in the reserve account t…

.09 Eligible Borrowers. A. An applicant shall meet the following minimum requirements to be an eligible borrower for loans made under the Program: (1) Be in good standing and qualified to do business in Maryland; (2) Be a small business; (3) Have the legal capacity and all necess…

.10 Eligible Loans. A. The following types of loans are eligible loans under the Program: (1) Loans for industrial or commercial purposes; (2) Loans to refinance loans made for the purposes in §A(1) of this regulation; and (3) Loans for line of credit agreements established betwe…

.11 Eligible Projects. In order to be eligible for a loan under the Program, a project shall satisfy the following requirements: A. The project is located within a priority funding area in the State; B. Upon completion, the project will be in compliance with all applicable zoning…

.12 Enrollment Requirements. A. To enroll a loan under the Program, the lender shall file a completed loan enrollment form with the Department. The lender shall also certify the following to the Department as part of the filing: (1) The lender has no substantial reason to believe…

.13 Specified Amount To Be Covered Under the Program. A. When filing a loan enrollment form, the lender shall specify an amount to be covered under the Program. The amount may be less than, but not greater than, the total principal amount of the loan. B. In the case of a loan to …

.14 Acknowledgment of Enrollment by Department. A. When the Department receives a loan enrollment form, the Department shall enroll the loan if the information provided under Regulation .12 of this chapter indicates that the loan is an eligible loan. Within 10 business days after…

.15 Restriction on Acceptance of Loans. The Department may not accept loans for enrollment in the Program if the Department does not have sufficient money to make the necessary transfer from the Fund to the reserve account described in Regulation .16 of this chapter.

.16 Reserve Account Premium Charges. A. The Secretary may, from time to time, by written determination, establish minimum and maximum premium charges payable by borrowers in connection with loans filed for enrollment. B. Lender Premium Deposit Into the Reserve Account. (1) The le…

.17 Limitations on Financial Assistance. A. Minimum and Maximum Amount of Financial Assistance. (1) The minimum amount of an enrolled loan for which assurance may be provided under the Program to a project is $1,000. (2) The maximum aggregate amount of enrolled loans for any one …

.18 Reduction of Outstanding Balance of Loan to Zero. A. Effect of Outstanding Balance of Zero. (1) If the outstanding balance of an enrolled loan that is not a line of credit is reduced to $0, the loan is no longer an enrolled loan. (2) If an enrolled loan that is a line of cred…

.19 Claims for Charge Off. A. If the lender charges off all or part of an enrolled loan, the lender may file a claim with the Department. If the lender files a claim, it shall be filed contemporaneously with the charge off, and must be received by the Department within 30 days af…

.20 Withdrawal from Reserve Account by Lender; Effect of Insufficient Funds. A. Upon receipt by the Department of a claim filed by the lender, the Department shall, within 10 business days, pay from the reserve account, or authorize the lender to withdraw from the reserve account…

.21 Effect of Recovery from Borrower. If, after payment of a claim by the Department, the lender recovers from a borrower any amount for which payment of the claim was made, the following apply: A. If the recovered amount, when added to the claim previously paid by the Department…

.22 Right of Subrogation by Department; Effect of Assignment. A. If the payment of a claim has fully covered the lender's loss on an enrolled loan, or if the payment of a claim when combined with any recovery from the borrower has fully covered the lender's loss, the Department, …

.23 Reports by Lender; Withdrawal of Excess Funds. A. Reports by Lender. (1) On or before July 15 of each year, the lender shall file a year-end report with the Department indicating the number and aggregate outstanding balances of all enrolled loans for the period comprising the…