WILLIAM DONALD SCHAEFER, Governor Ch. 330

COMMERCIAL FACILITIES WHICH SUPPORT A HOUSING PROJECT, SOCIAL
SERVICES,——PARTNERSHIPS,——WHOLLY——OWNED——NOT FOR PROFIT
CORPORATIONS,^ AND

(II) ANY CONDITIONS, RESTRICTIONS, OR OTHER
LIMITATIONS ON THE EXERCISE OF SUCH POWERS;

(8) SHALL STATE ANY LIMITATIONS ON ANY POWERS
(INCLUDING ELIMINATION OF ANY POWER) GRANTED TO THE
AUTHORITY UNDER THIS TITLE OR BY ANY PARTICULAR TITLE
APPLICABLE TO ANY AUTHORITY, PROVIDED THAT:

(I) THE POWERS OF THE AUTHORITY SHALL BE
SUFFICIENT FOR THE AUTHORITY TO COMPLY WITH:

1. THE TERMS OF ANY EXISTING AGREEMENT

BETWEEN THE AUTHORITY AND ANY STATE OR FEDERAL
GOVERNMENTAL ENTITY; AND

2. ANY APPLICABLE FEDERAL LAW OR
REGULATIONS; AND

(II) ANY LIMITATIONS ON ITS POWERS MAY NOT BE
INCONSISTENT WITH SUCH AGREEMENTS, LAWS, AND REGULATIONS;

(9) MAY CONTAIN SPECIFIC TERMS GOVERNING THE
OPERATION OF THE AUTHORITY AND ITS HOUSING PROJECTS,
INCLUDING BUT NOT LIMITED TO FINANCIAL REPORTING, BUDGETARY,
AND PERSONNEL REQUIREMENTS, PROVIDED THAT SUCH SPECIFIC
TERMS MAY NOT ADD POWERS TO THE AUTHORITY OTHER THAN AS
PERMITTED BY PARAGRAPH (7) OF THIS SUBSECTION AND MAY NOT BE
INCONSISTENT WITH:

(I) THE TERMS OF ANY EXISTING AGREEMENT BETWEEN
THE AUTHORITY AND ANY STATE OR FEDERAL GOVERNMENTAL
ENTITY;

(II) ANY APPLICABLE FEDERAL LAW OR REGULATIONS;
OR

(III) THIS ARTICLE OR ANY OTHER STATE LAW OR
REGULATIONS; AND

(10) MAY NOT REQUIRE THE AUTHORITY DIRECTLY OR
INDIRECTLY TO PAY ANY OF ITS RESERVES OR OTHER FUNDS TO THE
LOCAL GOVERNMENT.

(C) THE CUSTODIAN OF RECORDS OF THE LOCAL GOVERNMENT
SHALL FILE A CERTIFIED COPY OF THE WRITTEN RECOMMENDATION OF
THE CHIEF ELECTED OFFICIAL AND THE RESOLUTION OR ORDINANCE

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