Section 4-907 - Money for operations; reallocations. - Maryland Statutes

§ 4-907. Money for operations; reallocations.
 

(a)  Money for operations.- The Regular Rehabilitation Program and the Special Rehabilitation Program shall operate with money in the Special Loan Programs Fund and other money available to the Department for these programs. 

(b)  Reallocation.-  

(1) If the applications that qualify for a Program loan under the Regular Rehabilitation Program or a special loan program do not commit all money appropriated to that loan program within 6 months after the appropriation, the Department may reallocate the remaining appropriated money to any other program financed by the Special Loan Programs Fund. 

(2) In like circumstances, the Department may reallocate money appropriated to the Nonprofit Rehabilitation Program or the Multifamily Rehabilitation Program to any other program financed by the Rental Housing Programs Fund. 
 

[An. Code 1957, art. 83B, § 2-313(g); 2005, ch. 26, § 2.]