Maryland Code, HOUSING AND COMMUNITY DEVELOPMENT 6-207
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Terms Used In Maryland Code, HOUSING AND COMMUNITY DEVELOPMENT 6-207
- Legacy: A gift of property made by will.
(a) The Department and the sponsor shall execute a community legacy agreement.
(b) The sponsor shall comply with the terms of the community legacy agreement and any regulations the Department adopts to carry out this subtitle.
(c) Not more than 15% of the total financial assistance that the Program provides may be used for noncapital expenditures.
(d) 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.