Section 6-904 – Adoption of Applicable Regulations
The Secretary, in consultation with the Department of Commerce, shall adopt regulations to carry out the provisions of this subtitle, including regulations that: (1) establish procedures and standards for certifying new construction costs and rehabilitation costs under this subtitle; and (2) establish an application process for the issuance of tax credit certificates under this subtitle, with an […]
Section 6-905 – Termination of Subtitle
(a) Subject to subsection (b) of this section, this subtitle and the credit authorized under it shall terminate January 1, 2031. (b) After the termination of this subtitle: (1) the Secretary may not issue any additional tax credit certificates under § 6–903 of this subtitle; and (2) tax credit certificates issued may be claimed, refunded, carried forward, or transferred […]
Section 6-1001 – Definitions [Subtitle Subject to Abrogation]
// EFFECTIVE UNTIL SEPTEMBER 30, 2025 PER CHAPTER 583 OF 2021 // (a) In this subtitle the following words have the meanings indicated. (b) “Fund” means the Passive House Pilot Program Fund. (c) “Passive house” means a building that: (1) is constructed or upgraded using the Passive House Institute methodology; and (2) meets the Passive House Standard criteria. (d) “Passive House […]
Section 6-1002 – Passive House Pilot Program — Purpose — Administration of Program [Subtitle Subject to Abrogation]
// EFFECTIVE UNTIL SEPTEMBER 30, 2025 PER CHAPTER 583 OF 2021 // (a) There is a Passive House Pilot Program in the Department. (b) The Department shall administer the Program. (c) The purpose of the Program is to assist a nonprofit organization in partnership with neighboring high schools and institutes of higher education to provide students with career […]
Section 6-1003 – Solicitation of Proposals From Nonprofit Organizations — Priority to Proposals Partnered With Education Institutions[subtitle Subject to Abrogation]
// EFFECTIVE UNTIL SEPTEMBER 30, 2025 PER CHAPTER 583 OF 2021 // (a) The Department shall solicit proposals from nonprofit organizations for the Program that feature: (1) the acquisition of one or more properties for renovation that are within close proximity of a high school; (2) renovation of the acquired property or properties by: (i) using components certified by […]
Section 6-1004 – Passive House Pilot Program Fund — Purpose — Administration of Fund — Special Nonlapsing Fund — Items Included in Fund — Use of Fund — Investments [Subtitle Subject to Abrogation]
// EFFECTIVE UNTIL SEPTEMBER 30, 2025 PER CHAPTER 583 OF 2021 // (a) There is a Passive House Pilot Program Fund in the Department. (b) The purpose of the Fund is to cover the following costs of the Program: (1) property acquisition costs; (2) property renovation costs, including: (i) demolition or deconstruction costs; (ii) architectural and engineering design costs; (iii) building material […]
Section 6-1005 – Adoption of Regulations [Subtitle Subject to Abrogation]
// EFFECTIVE UNTIL SEPTEMBER 30, 2025 PER CHAPTER 583 OF 2021 // The Department shall adopt regulations to carry out this subtitle.
Section 6-708 – Powers of Department
(a) The Department has the powers necessary to implement the Program. (b) (1) The Department may determine the terms and conditions for or establish time limits for the use of financial assistance awarded under this subtitle. (2) The financial assistance awarded under this subtitle may be secured by a mortgage, a lien, or any other security interest that is […]
Section 6-709 – Reports
(a) The recipient of financial assistance from the Program shall submit to the Department quarterly progress reports on the development of a community enhancement project. (b) (1) On or before October 31 each year, the Department shall submit a report to the Governor and, subject to § 2–1257 of the State Government Article, the General Assembly. (2) The report […]
Section 6-710 – National Capital Strategic Economic Development Fund
(a) In this section, “Fund” means the National Capital Strategic Economic Development Fund. (b) There is a National Capital Strategic Economic Development Fund. (c) The purpose of the Fund is to provide financial assistance under the Program. (d) The Department shall administer the Fund. (e) (1) The Fund is a special, nonlapsing fund that is not subject to § 7–302 of […]