PARRIS N. GLENDENING, Governor                             Ch. 115

BY repealing and reenacting, with amendments,

Article 83B - Department of Housing and Community Development

Section 2-101, 2-313(a) and (b), 2-505(a), 2-613(a), 2-708(a), 2-805(a), and

2-1006(a)
Annotated Code of Maryland
(1991 Replacement Volume and 1994 Supplement)

BY adding to

Article 83B - Department of Housing and Community Development

Section 2-1301 through 2-1308, inclusive, to be under the new subtitle "Subtitle 13.
Neighborhood Business Development Program"

Annotated Code of Maryland

(1991 Replacement Volume and 1994 Supplement)

SECTION 1. BE IT ENACTED BY THE . GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article 83B - Department of Housing and Community Development

2-101.

(a)     There is a Division of [Housing] DEVELOPMENT Finance as an
organizational unit within the Department,

(b)     The Division of [Housing] DEVELOPMENT Finance includes:

(1)     The Community Development Administration;

(2)     The Maryland Housing Rehabilitation Program;

(3)     The Rental Housing Production Program;

(4)     The Maryland Home Financing Program; [and]

(5)     THE GROUP HOME FINANCING PROGRAM;

(6)     The Elderly Rental Housing Program;

(7)     THE SETTLEMENT EXPENSE LOAN PROGRAM;

(8)     THE PARTNERSHIP RENTAL HOUSING PROGRAM;

(9)     THE OPERATING ASSISTANCE GRANT DEMONSTRATION PROJECTS;
AND

(10)    THE NEIGHBORHOOD BUSINESS DEVELOPMENT PROGRAM.

2-313.

(a) Rehabilitation loans under the Multifamily Rehabilitation Program and
nonprofit rehabilitation loans shall be funded with moneys in the Rental Housing
Programs Fund, which fund shall be a continuing, nonlapsing special fund consisting of:

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