Md. Code Regs. 26.10.14.08

Current through Register Vol. 51, No. 22, November 1, 2024

Section 26.10.14.08 - Reimbursement Limits and Deductibles

A. A reimbursement of eligible site rehabilitation costs paid from the Fund for an approved application received by the Department on or after July 1, 2005:

(1) May not exceed a total of $20,000 per occurrence; and

(2) Is subject to a deductible of $500 per occurrence.

B. If an approved application was received by the Department on or after July 1, 2022, a reimbursement allocation is limited as follows:

(1) If the value of the residential property is less than or equal to $300,000, the reimbursement allocation is:

(a) 100 percent of the eligible site rehabilitation costs; and

(b) Up to a total of $20,000, less the $500 deducible;

(2) If the value of the residential property is greater than $300,000 and less than or equal to $600,000, the reimbursement allocation is:

(a) 50 percent of the eligible site rehabilitation costs; and

(b) Up to a total of $10,000, less the $500 deductible; or

(3) If the value of the residential property is greater than $600,000, the reimbursement allocation is:

(a) 25 percent of eligible site rehabilitation costs; and

(b) Up to a total of $5,000, less the $500 deductible.

Md. Code Regs. 26.10.14.08

Regulations .08 adopted as an emergency provision effective November 18, 1993 (20:25 Md. R. 1937); adopted permanently effective May 19, 1994 (21:9 Md. R. 753); adopted effective 49:12 Md. R. 642, eff. 6/13/2022