Current with changes from the 2024 Legislative Session
Section 10-507 - Recovery of State grant funds(a) The State may recover State grant funds if, within 15 years after completion of a project: (1) the property, with respect to which funds have been paid under this subtitle, ceases to be operated as a senior citizen activities center; or(2) an interest in property for which funds have been paid under the Program is assigned, transferred, or conveyed: (i) without approval by the Board of Public Works; or(ii) for use other than as a senior citizen activities center.(b) The State is entitled to recover the sum of:(1) an amount that equals the value of the property, with respect to which funds have been paid under this subtitle, at the time of the recovery multiplied by a fraction: (i) the numerator of which is the amount of the State funds for the project; and(ii) the denominator of which is the total cost of all eligible work for the project; and(2) costs, including reasonable attorney's fees that the State incurs in recovery proceedings.Amended by 2018 Md. Laws, Ch. 12,Sec. 1, eff. 4/5/2018.Amended by 2017 Md. Laws, Ch. 116,Sec. 1, eff. 10/1/2017.