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Maryland Code, Local Government § 1-1104

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

(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.

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Cite this article: FindLaw.com - Maryland Code, Local Government § 1-1104 - last updated January 01, 2025 | https://codes.findlaw.com/md/local-government/md-code-local-govt-sect-1-1104/

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