Unannotated Code of Maryland (Last Updated: May 16, 2014) |
HOUSING AND COMMUNITY DEVELOPMENT |
DIVISION I. HOUSING AND COMMUNITY PROGRAMS. |
TITLE 4. DIVISION OF DEVELOPMENT FINANCE |
SUBTITLE 7. LEAD HAZARD REDUCTION GRANT PROGRAM AND LEAD HAZARD REDUCTION LOAN PROGRAM |
§ 4-704. Powers of Department
Latest version.
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(a) In general. -- The Department may establish:
(1) loan fees and charges;
(2) maximum loan or grant amounts for lead hazard reduction activities; and
(3) guidelines that give financing priority to lead hazard reduction activities that include replacing windows containing lead-based paint on friction surfaces.
(b) Grants or loans. --
(1) On application of a political subdivision, the Department may provide money from the Fund allocated to the Grant Program or the Loan Program to the political subdivision to make a grant or loan, on behalf of the Department, to an eligible owner of residential property or a child care center in the political subdivision.
(2) The Department may limit the amount of money that a political subdivision may request under paragraph (1) of this subsection.