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Section 10-507 - Recovery of State Grant Funds — Maryland Law | CourtGPT
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  8. Section 10-507 - Recovery of State Grant Funds
Maryland Legal Code

Section 10-507 - Recovery of State Grant Funds

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(a) The State may recover State grant funds if, within 15 years after completion of a project: (1) the property, with respect to which funds have been paid under this subtitle, ceases to be operated as a senior citizen activities center; or (2) an interest in property for which funds have been paid under the Program is assigned, transferred, or conveyed: (i) without approval by the Board of Public Works; or (ii) for use other than as a senior citizen activities center. (b) The State is entitled to recover the sum of: (1) an amount that equals the value of the property, with respect to which funds have been paid under this subtitle, at the time of the recovery multiplied by a fraction: (i) the numerator of which is the amount of the State funds for the project; and (ii) the denominator of which is the total cost of all eligible work for the project; and (2) costs, including reasonable attorney’s fees that the State incurs in recovery proceedings.