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Maryland Manual, 1969-70
Volume 174, Page 716   View pdf image (33K)
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716 MARYLAND MANUAL
(3) "Local development corporation" means any corpo-
ration or foundation no part of the net earnings of which
inures to the benefit of any private shareholder or indi-
vidual organized and operated primarily for the purposes
of fostering, encouraging, and assisting the development of
low and moderate income residential units within the State
or any limited dividend corporation organized and operated
primarily for the purposes of promoting the development
of low and moderate income residential units within the
State.
(4) "Local public agency" means any agency of a local
government that is responsible for the development of low
and moderate income housing or any local public housing
authority.
(6) "Low and moderate income housing" means housing
which qualifies for Federal financial assistance as low and
moderate income housing under Federal housing programs
in effect from time to time.
(6) "Municipality" means a municipal corporation in
Maryland subject to the provisions of Article HE of the
Constitution; and it also means the mayor and city council
of Baltimore. "County" means any one of the twenty-three
counties of Maryland.
(7) "Development" means an undertaking or improve-
ment including lands, buildings and improvements, real and
personal properties or any interest therein that is planned,
acquired, owned, constructed, reconstructed, rehabilitated
or improved for the purpose of providing housing accom-
modations for persons or families of low and moderate
income and such facilities as may be incidental or appur-
tenant to such accommodations.
(8) "Development cost." The sum total of all costs in-
curred in carrying out all works and undertakings which
the Authority deems reasonable and necessary for the con-
struction of a development. These shall include but are not
necessarily limited to the costs of all necessary studies,
surveys, plans and specifications, architectural, engineering
or other special services, acquisition of land and any build-
ings thereon, site preparation and development, construc-
tion, reconstruction, rehabilitation, improvement and the
acquisition of such machinery and equipment as may be
deemed necessary in connection therewith (other than raw
materials, work in process or stock in trade) ; the necessary
expenses incurred in connection with initial occupancy of
the development; an allocable portion of the administrative

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Maryland Manual, 1969-70
Volume 174, Page 716   View pdf image (33K)
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