Maryland § 9-20A-06
Full text of Maryland Maryland Code § 9-20A-06, with citation guidance and answers to common questions.
§ 9-20A-06.
(a) Loans from the Fund may be used for:
(1) the costs of implementing projects, including the costs of all necessary:
(i) technical assessments;
(ii) studies;
(iii) surveys;
(iv) plans and specifications; and
(v) start–up, architectural, engineering, or other special services;
(2) the costs of procuring necessary technology, equipment, licenses, or materials; and
(3) the costs of construction, rehabilitation, or modification, including the purchase and installation of any necessary machinery, equipment, or furnishings.
(b) Each borrower shall make a contribution to a project that is of a type and amount acceptable to the Administration.
(c) A borrower other than a State agency must document that the anticipated energy cost savings to the borrower over a defined period according to a methodology acceptable to the Administration after the completion of the project are greater than the total cost of the project to the borrower.
(d) Loans made under the Program to a borrower other than a State agency shall:
(1) be repayable by the borrower from specified revenues that may include the energy cost savings generated by a project;
(2) bear interest at a rate that the Administration determines to be necessary and reasonable for the project; and
(3) be repayable in accordance with a schedule that the Administration sets, which may be on a deferred payment basis.
(e) (1) A borrower other than a State agency shall provide assurances for the repayment of a loan.
(2) The assurances:
(i) shall include a promissory note; and
(ii) may include superior or subordinate mortgage liens, guarantees of repayment, or other forms of collateral.
(f) Loans may be made in conjunction with, or in addition to, financial assistance provided through other State or federal programs.
Frequently Asked Questions About Maryland § 9-20A-06
What does Maryland Code § 9-20A-06 cover?
Section 9-20A-06 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 9-20A-06?
A common citation format is "Maryland Code § 9-20A-06" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 9-20A-06 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.