Ch. 311

LAWS OF MARYLAND

in the State of Maryland, the provisions of the "Appalachian
Regional Development Act of 1965," as amended from time to time,
to enter into and complete any and all contracts and agreements
thereunder, and to do all things necessary and proper to carry
out the terms of the aforesaid act, including the expenditure of
funds therefor, in the fields of highways, natural resources
agriculture, education, trainings health, and welfare and all
other fields related to the purposes of the said act.

(B) If the said federal government or any agency or officer
thereof offers to the State of Maryland services, equipment,
supplies, materials or funds by way of gift or grant for purposes
of the Appalachian Regional Development Program, the State of
Maryland, acting through the Governor and the Department [of
Economic and Community Development] may accept such offer and may
authorize any officer of the State or of one of the political
subdivisions as the case may be to receive and utilize such aid
and assistance;

[(b)] 6-402. The Maryland State Appalachian Housing Fund is
created as a nonlapsing, revolving special fund into which shall
be placed:

(1)  Receipts of the Department [of Economic and
Community Development] pursuant to [subsection (a) of this
section] § 6-401 OF THIS SUBTITLE;

(2)  Income from investments that the State Treasurer
makes pursuant to [subsection (d) of this section] § 6-404 OF
THIS SUBTITLE; and

(3)  Any repayments of principal or interest on loans
or site development advances made pursuant to [subsection (a) of
this section] § 6-401 OF THIS SUBTITLE.

[(c)] 6-403. The Maryland State Appalachian Housing Fund
shall be expended by the Department [of Economic and Community
Development], IN COOPERATION WITH THE DEPARTMENT OF HOUSING AND
COMMUNITY DEVELOPMENT, to fulfill its obligations under any
contract or agreement authorized by [subsection (a) of this
section] § 6-401 OF THIS SUBTITLE.

[(d)] 6-404. The State Treasurer shall invest the Maryland
State Appalachian Housing Fund in the manner provided by law with
all interest earned or gains realized from such investments to be
credited to the Maryland State Appalachian Housing Fund.

[(e)] 6-405. In addition to and not in derogation of the
grant of powers provided by [subsection (a) hereinabove] § 6-401
OF THIS SUBTITLE, the [said] Secretary [of Economic and Community
Development], with the approval of the Governor shall appoint a
State member to the federal "Appalachian Regional Commission" and
an alternate thereto, both of whom shall receive such salary of

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