§ 4-1104. Amount and source of grants

Latest version.

   (a) Amount. -- Operating assistance grants under this subtitle may not exceed the amounts that the Department sets.

(b) Source. -- During a fiscal year, all operating assistance grants under this subtitle shall be made from:

   (1) up to 1% of the total amount of budgeted money in the Homeownership Programs Fund under § 4-502 of this title, the Rental Housing Programs Fund under § 4-504 of this title, and the Special Loan Programs Fund under § 4-505 of this title; and

   (2) money appropriated from any other source.

HISTORY: An. Code 1957, art. 83B, § 2-1201(b), (e), (f), 2-1204(a), (d); 2005, ch. 26, § 2.

                    
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