§ 1-1104. Requirements for ordinance or resolution

   (a) In general. -- An ordinance or resolution enacted under § 1-1102 of this subtitle shall provide for:

   (1) eligibility requirements for participation in the program, including eligibility requirements for:

      (i) energy efficiency improvements and renewable energy devices; and

      (ii) property and property owners; and

   (2) loan terms and conditions.

(b) Eligibility requirements to include ability to repay loan. -- Eligibility requirements under subsection (a) of this section shall include a requirement that the county or municipality give due regard to the property owner's ability to repay a loan provided under the program, in a manner substantially similar to that required for a mortgage loan under § 12-127, 12-311, 12-409.1, 12-925, and 12-1029 of the Commercial Law Article.

HISTORY: An. Code 1957, art. 24, § 9-1502(e); 2013, ch. 119, § 2.