Ch. 330 LAWS OF MARYLAND

INCLUDE IN ANY CONTRACT LET IN CONNECTION WITH A PROJECT,
STIPULATIONS REQUIRING THAT THE CONTRACTOR AND ANY
SUBCONTRACTORS COMPLY WITH REQUIREMENTS AS TO MINIMUM
WAGES AND MAXIMUM HOURS OF LABOR, AND COMPLY WITH ANY
CONDITIONS WHICH THE STATE OR FEDERAL GOVERNMENT MAY HAVE
ATTACHED TO ITS FINANCIAL AID OF THE PROJECT;

(4) TO MAKE RENT SUBSIDY PAYMENTS TO OR ON BEHALF OF
PERSONS OF ELIGIBLE INCOME; TO LEASE OR RENT ANY DWELLINGS,
HOUSES, ACCOMMODATIONS, LANDS, BUILDINGS, STRUCTURES, OR
FACILITIES EMBRACED IN ANY HOUSING PROJECT AND, SUBJECT TO THE
LIMITATIONS CONTAINED IN THIS ARTICLE, TO ESTABLISH AND REVISE
THE RENTS OF OR CHARGES THEREFOR; TO OWN, HOLD, AND IMPROVE
REAL OR PERSONAL PROPERTY; TO PURCHASE, LEASE, OBTAIN OPTIONS
UPON, ACQUIRE BY GIFT, GRANT, BEQUEST, DEVISE, OR OTHERWISE
ANY REAL OR PERSONAL PROPERTY OR INTEREST THEREIN; TO SELL,
LEASE, EXCHANGE, TRANSFER, ASSIGN, PLEDGE, OR DISPOSE OF ANY
REAL OR PERSONAL PROPERTY OR ANY INTEREST THEREIN; TO INSURE
OR PROVIDE FOR THE INSURANCE OF ANY REAL OR PERSONAL
PROPERTY OR OPERATIONS OF THE AUTHORITY AGAINST ANY RISKS OR
HAZARDS; TO PROCURE INSURANCE OR GUARANTEES FROM THE STATE
OR FEDERAL GOVERNMENT OF THE PAYMENT OF ANY DEBTS OR PARTS
THEREOF (WHETHER OR NOT INCURRED BY SAID AUTHORITY)
SECURED BY MORTGAGES ON ANY PROPERTY INCLUDED IN ANY OF ITS
HOUSING PROJECTS;

(5) TO INVEST ANY FUNDS HELD IN RESERVES OR SINKING
FUNDS, OR ANY FUNDS NOT REQUIRED FOR IMMEDIATE
DISBURSEMENT, IN PROPERTY OR SECURITIES IN WHICH SAVINGS
BANKS MAY LEGALLY INVEST FUNDS SUBJECT TO THEIR CONTROL; TO
PURCHASE ITS BONDS AT A PRICE NOT MORE THAN THE PRINCIPAL
AMOUNT THEREOF AND ACCRUED INTEREST, ALL BONDS SO
PURCHASED TO BE CANCELED;

(6) WITHIN ITS AREA OF OPERATION, TO INVESTIGATE INTO
LIVING, DWELLING, AND HOUSING CONDITIONS, AND INTO THE MEANS
AND METHODS OF IMPROVING SUCH CONDITIONS; TO DETERMINE
WHERE ECONOMICALLY DEPRESSED OR PHYSICALLY DETERIORATED
AREAS EXIST OR WHERE THERE IS A SHORTAGE OF DECENT, SAFE, AND
SANITARY DWELLING ACCOMMODATIONS FOR PERSONS OF ELIGIBLE
INCOME; TO MAKE STUDIES AND RECOMMENDATIONS RELATING TO
THE PROBLEM OF CLEARING, REPLANNING, AND RECONSTRUCTING OF
ECONOMICALLY DEPRESSED OR PHYSICALLY DETERIORATED AREAS,
AND THE PROBLEM OF PROVIDING DWELLING ACCOMMODATIONS FOR
PERSONS OF ELIGIBLE INCOME, AND TO COOPERATE WITH THE CITY,
THE COUNTY, THE STATE, OR ANY POLITICAL SUBDIVISION THEREOF IN
ACTION TAKEN IN CONNECTION WITH SUCH PROBLEMS; AND TO

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