Section 2-804 - Regulations.
§ 2-804. Regulations.
(a) Authorized.- The Department shall adopt regulations to carry out the provisions of this subtitle.
(b) Procedures and criteria for awarding loan.-
(1) The regulations adopted under this subtitle shall establish application procedures and criteria for the award of a loan under this subtitle.
(2) The criteria shall provide a basis for the priority ranking of projects, and shall include:
(i) The financial capacity and fiscal accountability of the applicant;
(ii) The location of the small business facility and the degree to which the facility contributes to nonattainment of ambient air quality standards in the area;
(iii) Previous efforts expended to correct any existing air pollution problem and to maintain compliance with State and federal regulations related to air pollution;
(iv) Measures to assure accountability for all funds awarded under this subtitle; and
(v) Any other criteria that the Secretary considers appropriate.
(c) Compliance with requirements.- The regulations adopted under this subtitle shall require the recipient of a loan under this subtitle to provide the Department with documentation that the proceeds of the loan were applied in accordance with § 2-803 of this subtitle and the loan agreement.
[1998, ch. 545.]