State Codes and Statutes
Statutes > Maryland > Human-services > Title-10 > Subtitle-5 > 10-507
§ 10-507. Recovery of State grant funds.
(a) Conditions.- The State may recover State grant funds if, within 15 years after completion of a project:
(1) the project's property ceases to be operated as a senior citizen activities center; or
(2) an interest in property for which funds have been paid under the Program is assigned, transferred, or conveyed:
(i) without approval by the Board of Public Works; or
(ii) for use other than as a senior citizen activities center.
(b) Amount.- The State is entitled to recover the sum of:
(1) an amount that equals the value of the project property at the time of the recovery multiplied by a fraction:
(i) the numerator of which is the amount of the State funds for the project; and
(ii) the denominator of which is the total cost of all eligible work for the project; and
(2) costs, including reasonable attorneys' fees that the State incurs in recovery proceedings.
[An. Code 1957, art. 70B, § 30(a)-(c); 2007, ch. 3, § 2.]
State Codes and Statutes
Statutes > Maryland > Human-services > Title-10 > Subtitle-5 > 10-507
§ 10-507. Recovery of State grant funds.
(a) Conditions.- The State may recover State grant funds if, within 15 years after completion of a project:
(1) the project's property ceases to be operated as a senior citizen activities center; or
(2) an interest in property for which funds have been paid under the Program is assigned, transferred, or conveyed:
(i) without approval by the Board of Public Works; or
(ii) for use other than as a senior citizen activities center.
(b) Amount.- The State is entitled to recover the sum of:
(1) an amount that equals the value of the project property at the time of the recovery multiplied by a fraction:
(i) the numerator of which is the amount of the State funds for the project; and
(ii) the denominator of which is the total cost of all eligible work for the project; and
(2) costs, including reasonable attorneys' fees that the State incurs in recovery proceedings.
[An. Code 1957, art. 70B, § 30(a)-(c); 2007, ch. 3, § 2.]
State Codes and Statutes
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10-507 § 10-507. Recovery of State grant funds.
(a) Conditions.- The State may recover State grant funds if, within 15 years after completion of a project:
(1) the project's property ceases to be operated as a senior citizen activities center; or
(2) an interest in property for which funds have been paid under the Program is assigned, transferred, or conveyed:
(i) without approval by the Board of Public Works; or
(ii) for use other than as a senior citizen activities center.
(b) Amount.- The State is entitled to recover the sum of:
(1) an amount that equals the value of the project property at the time of the recovery multiplied by a fraction:
(i) the numerator of which is the amount of the State funds for the project; and
(ii) the denominator of which is the total cost of all eligible work for the project; and
(2) costs, including reasonable attorneys' fees that the State incurs in recovery proceedings.
[An. Code 1957, art. 70B, § 30(a)-(c); 2007, ch. 3, § 2.]
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