Md. Code Regs. 24.05.05.05

Current through Register Vol. 51, No. 24, December 2, 2024

Section 24.05.05.05 - Eligible Uses

The proceeds of the loan may be used for any purposes approved by the Authority and permitted by the MIDFA Act and the Revenue Bond Act, including:

A. Acquisition of real property and the construction of new buildings or renovation of existing buildings;

B. Acquisition and installation of machinery and equipment;

C. The obtaining of additional credit enhancements such as a letter of credit or bond insurance; and

D. Payment of costs related to issuance of the bonds and permitted by the MIDFA Act, the Revenue Bond Act, and any applicable federal law.

Md. Code Regs. 24.05.05.05