Md. Code Regs. 05.15.01.09

Current through Register Vol. 51, No. 26, December 27, 2024

Section 05.15.01.09 - Limitations on Financial Assistance

Any interest earned on Program funds held by a sponsor or local jurisdiction shall be considered Program income and shall be returned to the Department in accordance with the terms specified in the financial assistance documents.

Regulations .09 adopted as an emergency provision effective October 31, 1988 (15:24 Md. R. 2760); emergency status extended at 16:10 Md. R. 1101; adopted permanently effective August 7, 1989 (16:15 Md. R. 1650)