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Maryland Code, Housing and Community Development § 9-305

Current as of January 01, 2025 | Updated by Findlaw Staff

(a) The Board shall use the money administered by the Fund to provide community reinvestment assistance in accordance with this title, any other applicable law, and the organizational documents of the Fund.

(b) The Board may use the money that the Fund administers to:

(1) ensure a reasonable return on money held by the Fund before disbursing money for community reinvestment assistance;

(2) pay expenses incurred in its formation and operation, including expenses for administrative, legal, actuarial, and other services; and

(3) redeem interests in the Fund.

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Cite this article: FindLaw.com - Maryland Code, Housing and Community Development § 9-305 - last updated January 01, 2025 | https://codes.findlaw.com/md/housing-and-community-development/md-code-hous-and-cmty-dev-sect-9-305/

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