Maryland Administrative Code

.08 Taxes Against Which Tax Credits May Be Applied. A. General Description. The Program tax credits described in the Act authorizing the Program are credits against taxes: (1) For certain insurance companies, under Article 48A, §634, Annotated Code of Maryland, or Insurance Artic…

.09 Program Administration. A. Handbooks and Manuals. The Program may adopt a handbook containing internal guidelines related to the administration of the Program or establishing other requirements relating to the Program. The handbook shall be available for public examination at…

.10 Record Keeping and Record Retention; Semiannual Reports. A. Record Keeping. Nonprofit organizations receiving an allocation of tax credits for an approved project shall keep the following records: (1) Financial records in connection with the approved project; (2) Records in c…

.11 Nondiscrimination; Drug and Alcohol Free Workplace. In order to participate in the Program, the nonprofit organization shall comply with the following requirements: A. A nonprofit organization may not discriminate on the basis of race, color, religion, national origin, sex, m…

.12 Waiver. The Secretary may waive or vary provisions of this chapter to the extent that the waiver or variance is consistent with the Act and if, in the written determination of the Secretary, the application of a regulation in a specific case or in an emergency situation would…

.13 False Statements. A. A person may not knowingly make or cause to be made a false statement or report in any document required to be furnished to the Department or in any agreement relating to the Program. B. A nonprofit organization, a business entity, or an individual that k…

.01 General. This chapter prescribes the policies, procedures, and authorizations for allocating tax credits to taxpayers that donate to qualified permanent endowment funds of eligible community foundations for the benefit of charitable causes in the State of Maryland.

.02 Definitions. A. In General. (1) In this chapter, the following terms have the meanings indicated and as defined in the Act. (2) Any terms also appearing in the Internal Revenue Code have the meanings defined there as well. B. Terms Defined. (1) “Act” means the Tax-General Art…

.03 Eligibility Standards for Approved Qualified Permanent Endowment Funds. A. Qualified permanent endowment funds shall be submitted for approval by an eligible community foundation. B. In order to be eligible for approval, a qualified permanent endowment fund shall satisfy the …

.04 Qualified Permanent Endowment Fund Proposals and Processing. A. Number of Proposals. A community foundation may propose more than one qualified permanent endowment fund in any State fiscal year. B. Forms and Documentation. A proposal shall be made on standard forms provided b…

.05 Procedures for Claiming and Using Tax Credits. A. Requests for Certification of Donation. (1) In order to claim a tax credit for a donation under the Act, the taxpayer shall submit a request for certification through the community foundation on forms provided by the Departmen…

.06 Taxes Against Which Tax Credits May Be Applied. A. General Description. The tax credits described in the Act are credits against State income taxes under Tax-General Article, §10-704.4, Annotated Code of Maryland, for business entities and under Tax-General Article, §10-704.6…

.07 Administration. A. Handbooks and Manuals. The Department may adopt a handbook containing internal guidelines related to the administration of the Act or establishing other requirements relating to the Act. B. The Department shall ensure that the application forms are publical…

.08 Record Keeping and Record Retention; Quarterly Reports. A. Record Keeping. Community foundations receiving an allocation of tax credits for an approved qualified permanent endowment fund shall keep the following records: (1) Financial records in connection with the approved q…

.09 Nondiscrimination; Drug and Alcohol Free Workplace. In order to participate in the allocation of tax credits, the community foundation shall comply with the following requirements: A. A community foundation may not discriminate on the basis of race, color, religion, national …

.10 Waiver. The Secretary may waive or vary provisions of this chapter to the extent that the waiver or variance is consistent with the Act and if, in the written determination of the Secretary, the application of a regulation in a specific case or in an emergency situation would…

.11 False Statements. A. A person may not knowingly make or cause to be made a false statement or report in any document required to be furnished to the Department or in any agreement relating to the tax credits. B. A community foundation, taxpayer, or any other party that knowin…

.01 General. These regulations prescribe the policies, procedures, and authorizations for administering existing loans under the State Action Loans for Targeted Areas Program.

.02 Objectives. The objectives of the Program are to provide financial assistance for the purposes of: A. Creating housing and jobs in targeted areas through support of private sector initiatives; B. Promoting commercial redevelopment and economic revitalization efforts in target…

.03 Definitions. A. In this chapter, the following terms have the meanings indicated. B. Terms Defined. (1) “Act” means Housing and Community Development Article, §§2-102 and 2-111, Annotated Code of Maryland, as amended. (2) “Administration” means the Community Development Admin…

.04 Eligible Sponsors. Sponsors shall meet the following minimum requirements to be eligible to apply for financial assistance under the Program: A. If a sponsor is a legal entity other than a local jurisdiction, be in good standing and qualified to do business in Maryland; B. Ha…

.05 Eligible Uses. A. Financial assistance may be used for: (1) Loans for project development costs including, but not limited to: (a) The acquisition of land, structures, equipment, or furnishings which are or will be a part of a project; (b) Reasonable fees, as determined by th…

.06 Eligible Projects. A. In order to be eligible for financial assistance, a project shall satisfy the following requirements: (1) The project is located within the State; (2) The project is located in a targeted area or in reasonable proximity to a targeted area; (3) The projec…

.07 Local Contributions. A. The local jurisdiction in which the proposed project is situated shall make or agree to make a local contribution which materially reduces the development costs or operating costs, or otherwise significantly supports the project. B. In evaluating the l…

.08 Terms and Conditions of Financial Assistance. A. The local jurisdiction in which a project is located shall make a material and substantial contribution to the project which may take the form of: (1) Cash; (2) A site for a project; (3) Provision of or improvements to on-site …

.09 Limitations on Financial Assistance. Any interest earned on Program funds held by a sponsor or local jurisdiction shall be considered Program income and shall be returned to the Department in accordance with the terms specified in the financial assistance documents.

.10 Books and Accounts. Sponsors, local jurisdictions, contractors, and subcontractors shall maintain such books, accounts, and records and shall file with the Department such financial and other reports as the Department may from time to time require. All of these books, account…

.11 Fees and Charges. If the form of financial assistance is a loan or guarantee of a loan, the Department may charge a local jurisdiction or sponsor an administrative fee, which may be financed by the loan, to cover the costs of making, servicing, or settling a loan.

.12 Nondiscrimination; Drug and Alcohol Free Workplace. A. Neither local jurisdictions nor sponsors may 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 a…

.13 Waiver. The Secretary may waive or vary provisions of these regulations to the extent that the waiver or variance is consistent with the Act and if, in the written determination of the Secretary, the application of a regulation in a specific case or in an emergency situation …

.14 False Statements. A. 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 agreement relating to financial assistance. B. A person applying for or benefiting from financial assistanc…

.15 Severability. The provisions of these regulations are severable. A judgment by any court of competent jurisdiction finding or declaring that any provisions of these regulations or the application of any provision to a person or circumstance is invalid, does not affect the val…

.01 Purpose. The purpose of this chapter is to prescribe the policies and procedures for providing financial assistance for community legacy projects, and for administering the Community Legacy Program.

.02 Definitions. A. In this chapter, the following terms have the meanings indicated. B. Terms Defined. (1) “Act” means Housing and Community Development Article, Title 6, Subtitle 2, Annotated Code of Maryland. (2) “Application” means an application to the Department as describe…

.03 Minimum Eligibility Requirements. A. A Sponsor, or a Sponsor's designated third party, shall meet the following minimum requirements: (1) Be a local government, a group of local governments, a CDO, or a CDFI, except as provided in Regulation .05(C)(2) of this chapter with res…

.04 Eligible Uses of Financial Assistance. A. Except as limited by §B of this regulation, financial assistance may be used for any costs and expenses related to the development or implementation of a community legacy project as approved by the Secretary. B. Total noncapital expen…

.05 Application Requirements. A. An application submitted to the Department shall: (1) Be on standard forms prescribed by the Department; (2) Be submitted by a Sponsor; (3) Be for a project that: (a) Is located within a sustainable community; and (b) Is part of and serves to impl…

.06 Application Processing. A. Application Evaluation. (1) Each application shall be submitted to the Department to determine whether all of the information required under Regulation .05 of this chapter is contained in the application. (2) Upon receipt of all required information…

.07 Program Administration. A. The Department may establish from time to time detailed Program guidelines containing application schedules, procedures, underwriting standards, processing requirements, and other requirements or matters relating to the Program. B. The Department. (…

.08 Books and Accounts. A. Sponsors, contractors, and subcontractors shall maintain such books, accounts, and records, and shall file with the Department such financial and other reports as the Department may from time to time require. All of these books, accounts, and records sh…

.09 Fees and Charges. A. The Department may establish application fees. B. The Department may establish other fees to be paid to the Department related to the processing of applications and servicing of financial assistance.

.10 Nondiscrimination; Drug and Alcohol Free Workplace. A. A Sponsor 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 permitted under the feder…

.11 Waiver. The Secretary may waive or vary provisions of this chapter to the extent that the waiver or variance is consistent with the Act and if, in the written determination of the Secretary, the application of a regulation in a specific case or in an emergency situation would…

.12 False Statements. A. An individual may not knowingly make or cause to be made a false statement or report in any document required to be furnished to the Secretary or the Department by an agreement relating to financial assistance. B. An individual applying for or benefiting …

.13 Urgent or Emergency Projects Reserve. A. In any fiscal year, the Secretary may hold up to 10 percent of the money in the Fund in reserve for emergency use or urgent projects. B. After determining an emergency or urgent project exists, the Secretary may approve a community leg…

.01 Purpose. The purpose of this chapter is to prescribe the policies and procedures for designating sustainable communities by the Subcabinet or the Secretary.

.02 Definitions. A. In this chapter, the following terms have the meanings indicated. B. Terms Defined. (1) “Act” means Housing and Community Development Article, Title 6, Subtitle 2, Annotated Code of Maryland. (2) “Application” means an application to the Department as describe…