§ 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.

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