Md. Code Regs. 24.05.27.09

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

Section 24.05.27.09 - Priority of Funding for Initial Certificates

A. The Department shall approve initial applications submitted under Regulation .08 based on the following priority order:

(1) An eligible project in a Tier 1 area that received a final certificate in the previous fiscal year.

(2) An eligible project in a Tier II area that received a final certificate in the previous fiscal year.

(3) An eligible project in a Tier 1 area that did not receive a final certificate in the previous fiscal year.

(4) An eligible project in a Tier II area that did not receive a final certificate in in the previous fiscal year.

B. If there are unencumbered funds remaining, the Department may:

(1) Carry forward the unused balance to the next fiscal year;

(2) Establish one or more additional periods during the fiscal year for accepting initial applications; or

(3) Issue credits on a first-come first-served basis during the fiscal year until fiscal year funding is exhausted.

Md. Code Regs. 24.05.27.09

Regulations .09 adopted effective 49:7 Md. R.469, eff. 4/4/2022