Section 4-1710 - Technical assistance grants - Terms and conditions. - Maryland Statutes

§ 4-1710. Technical assistance grants - Terms and conditions.
 

(a)  In general.- The Department may award a technical assistance grant only if the applicant agrees to: 

(1) a budget that states the types and amounts of expenditures that may be made with the grant; 

(2) the manner, timing, and conditions for disbursement of money to the grantee; 

(3) a timetable to complete each stage of the project and for final project completion; and 

(4) terms to ensure compliance with regulations, special conditions imposed by grant approval, and any other terms or conditions that the Department specifies. 

(b)  Amount.- The amount of a technical assistance grant may not exceed 20% of the average purchase price, over the last 3 fiscal years for which data are available, of a home: 

(1) financed by a mortgage loan that the Administration purchased under § 4-239 of this title; and 

(2) located in the region where the technical assistance grant is to be awarded. 

(c)  Project completion.-  

(1) Except as provided in paragraph (2) of this subsection, a technical assistance grant recipient shall complete the project within 2 years after the effective date of the grant. 

(2) The Department may extend the term of a technical assistance grant because of delays beyond the reasonable control of the recipient. 

(d)  Repayment.- The Department may require that all or part of a technical assistance grant be repaid when conditions that the Department specifies occur. 
 

[An. Code 1957, art. 83B, §§ 2-1508(a), (b), 2-1509(a)(1), (b); 2005, ch. 26, § 2.]