Code of Maryland Regulations (Last Updated: April 6, 2021) |
Title 01. Executive Department |
Subtitle 02. SECRETARY OF STATE |
Chapter 01.02.06. Condominiums and Cooperatives: Income Eligibility |
Sec. 01.02.06.01. Income Eligibility Figures Applicable to Condominium Conversions in Maryland
Latest version.
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A. Pursuant to the provisions of the Real Property Article, §11-137, Annotated Code of Maryland, and Corporations and Associations Article, §5-6B-07, income eligibility figures have been prepared to assist in the determination of "designated households" within the meaning of these sections.
B. A county or incorporated municipality which is located within a Standard Metropolitan Statistical Area (SMSA) may, by ordinance or resolution, adopt the income eligibility figure applicable to the county or to the SMSA.