Md. Code Ann., Loc. Gov't § 1-1104
Redline — January 1, 2020 → current.View current text →
Current — January 1, 2022
As of January 1, 2020
(a) 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.
(a) 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 and water efficiency projects, renewable energy devices, environmental remediation projects, and resiliency projects; and (ii) property and property owners; and (2) loan terms and conditions, including a provision that requires that a loan be repaid over a term not to exceed the useful life of the project as determined by the program.
(b) 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.
(b) 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.
Official source: Maryland General Assembly. Reproduced from public-domain Maryland statutes; confirm against the official source for the current text. Not legal advice.