(a) The Board shall use the money administered by the Fund to provide community reinvestment assistance in accordance with this title, any other applicable law, and the organizational documents of the Fund.
(b) The Board may use the money that the Fund administers to:
(1) ensure a reasonable return on money held by the Fund before disbursing money for community reinvestment assistance;
(2) pay expenses incurred in its formation and operation, including expenses for administrative, legal, actuarial, and other services; and
(3) redeem interests in the Fund.
Structure Maryland Statutes
Housing and Community Development
Division I - Housing and Community Programs
Title 9 - Community Reinvestment Fund
Subtitle 3 - Community Reinvestment Fund
Section 9-301 - Established; Purpose of Fund
Section 9-302 - Status; Exemptions
Section 9-304 - Application of Other Laws
Section 9-305 - Use of Fund Money
Section 9-306 - Duties of Department
Section 9-307 - Powers of Department of Housing and Community Development and Department of Commerce