Ch. 330 LAWS OF MARYLAND

MANAGEMENT LETTER ON THE FINANCIAL SOUNDNESS OF THE
PROJECTS. NOTWITHSTANDING THE FOREGOING INDEPENDENT AUDITS,
FINANCIAL AND COMPLIANCE AUDITS ON PROJECTS FINANCED BY
BONDS GUARANTEED BY MONTGOMERY COUNTY MAY BE UNDERTAKEN
BY THE COUNTY GOVERNMENT AS NECESSARY.

(B) ANY BOND RECITING IN SUBSTANCE THAT IT HAS BEEN ISSUED
BY THE HOUSING OPPORTUNITIES COMMISSION OF MONTGOMERY
COUNTY TO AID IN FINANCING A HOUSING PROJECT FOR PERSONS OF
ELIGIBLE INCOME SHALL BE CONSIDERED CONCLUSIVELY, IN ANY SUIT,
ACTION, OR PROCEEDING INVOLVING THE VALIDITY OR
ENFORCEABILITY OF THE BOND OR THE SECURITY FOR THE BOND, TO
HAVE BEEN ISSUED FOR A HOUSING PROJECT OF SUCH CHARACTER.

(C) BONDS OF THE HOUSING OPPORTUNITIES COMMISSION OF
MONTGOMERY COUNTY MAY BE SOLD EITHER AT PUBLIC OR PRIVATE
SALE IN THE MANNER AND UPON THE TERMS AS ARE AUTHORIZED BY
RESOLUTION OF THE COMMISSION OR THE AUTHORITIES.

2-104.

IN MONTGOMERY COUNTY, THE COUNTY EXECUTIVE AND THE
COUNTY COUNCIL ARE HEREBY AUTHORIZED TO PERFORM THE ACTS
HEREIN REQUIRED OR PERMITTED BY THIS ARTICLE TO BE PERFORMED
BY THE CHIEF ELECTED OFFICIAL AND THE LEGISLATIVE BODY OF A
COUNTY, RESPECTIVELY, FOR THE HOUSING AUTHORITY OF A COUNTY,
EXCEPT THAT THE APPOINTMENT AND REMOVAL OF COMMISSIONERS
OF THE HOUSING OPPORTUNITIES COMMISSION BY THE COUNTY
EXECUTIVE SHALL REQUIRE THE APPROVAL OF THE COUNCIL.

2-105.

(A) IT IS HEREBY FOUND AND DECLARED THAT THERE EXIST IN
MONTGOMERY COUNTY UNSAFE AND UNSANITARY HOUSING
CONDITIONS AND A SHORTAGE OF SAFE AND SANITARY DWELLING
ACCOMMODATIONS FOR PERSONS OF ELIGIBLE INCOME; THAT THESE
CONDITIONS NECESSITATE EXCESSIVE AND DISPROPORTIONATE
EXPENDITURES OF PUBLIC FUNDS FOR CRIME PREVENTION AND
PUNISHMENT, PUBLIC HEALTH AND SAFETY, FIRE AND ACCIDENT
PROTECTION, AND OTHER PUBLIC SERVICES AND FACILITIES; AND THAT
THE PUBLIC INTEREST REQUIRES THE REMEDYING OF THESE
CONDITIONS.

IT IS HEREBY DECLARED THAT THE ASSISTANCE HEREIN PROVIDED
FOR THE REMEDYING OF THE CONDITIONS SET FORTH IN THE HOUSING
AUTHORITIES LAW CONSTITUTES A PUBLIC USE AND PURPOSE AND AN
ESSENTIAL GOVERNMENTAL FUNCTION FOR WHICH PUBLIC MONEYS
MAY BE SPENT, AND THAT THE PROVISIONS HEREINAFTER ENACTED
ARE NECESSARY IN THE PUBLIC INTEREST.

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