Section 10-202 - Purposes of Fund.
§ 10-202. Purposes of Fund.
(a) Awards.- The Board shall use the Fund to make awards to:
(1) help acquire, build, rehabilitate, or preserve affordable housing;
(2) help nonprofit organizations develop affordable housing; and
(3) help promote affordable housing by contributing to pay the operating expenses of housing developments.
(b) Operating and staffing expenses.- In any fiscal year, the Board may use up to 5% of the Fund to pay actual operating and staffing expenses directly related to the activities of the Trust.
[An. Code 1957, art. 83B, § 11-105(a); 2005, ch. 26, § 2.]