Section 4-227 - Energy conservation and solar energy financing. - Maryland Statutes

§ 4-227. Energy conservation and solar energy financing.
 

(a)  Coordination with Maryland Energy Office.- The Administration shall coordinate the promotion of its programs of financial assistance for energy conservation projects with the energy conservation promotion programs of the Maryland Energy Office. 

(b)  Regulations on assistance for projects.-  

(1) The Administration shall adopt regulations to establish and implement programs of financial assistance for energy conservation projects and solar energy projects. 

(2) These regulations shall be consistent with the provisions of this subtitle that generally concern the powers of the Administration to award financial assistance for energy conservation projects and solar energy projects. 

(c)  Contents of regulations.- The regulations shall include provisions about: 

(1) eligibility and application requirements; 

(2) interest rates, maximum loan amounts, and the terms of loans; 

(3) allocations of money among classes of eligible buildings; 

(4) credit and underwriting requirements; and 

(5) warranties, representations, forms of security, certifications, inspections, audits, and any other means of ensuring compliance with and enforcing the terms of financial assistance awarded under this subtitle. 
 

[An. Code 1957, art. 83B, § 2-204(15)(ii), (v); 2005, ch. 26, § 2.]