State Codes and Statutes
Statutes > Maryland > Housing-and-community-development > Title-6 > Subtitle-2 > 6-207§ 6-207. Community legacy agreement.
(a) In general.- The Department and the sponsor shall execute a community legacy agreement.
(b) Compliance.- The sponsor shall comply with the terms of the community legacy agreement and any regulations the Department adopts to carry out this subtitle.
(c) Noncapital expenditures.- Not more than 15% of the total financial assistance that the Program provides may be used for noncapital expenditures.
(d) Violation.- The Department may exercise any remedy provided under the community legacy agreement or by law if a sponsor:
(1) violates any provision of the community legacy agreement; or
(2) ceases to meet the requirements of this subtitle.
[An. Code 1957, art. 83B, § 4-807; 2005, ch. 26, § 2; 2010, ch. 487.]
