Ch. 6 LAWS OF MARYLAND

channel agrees to participate in the financing of the dredging project, the dredging
project may not be approved.

[(ii)] (2) If all residential property owners abutting a channel
adjacent to a main channel or harbor agree to exempt a residential property owner[,] or
group of residential property owners[,] from participating in the financing of the
dredging project, the residential property owner[,] or group of residential property
owners[,] shall be exempt.

[(b)] (C) Repayments of the principal on loans made under this section shall be
made by the governing body in accordance with § 8-708(c) of this subtitle.

8-709.

(a) The Department shall include in its annual budget request an itemized list of
requests for the use of any available money from the Waterway Improvement Fund for
the projects under § 8-707 OF THIS SUBTITLE. The Department's list shall include a
brief description of each project, an estimate of its cost, and the benefits to be derived
from it. The list shall designate which projects are financed solely by the Waterway
Improvement Fund, which are matching fund [projects] PROJECTS, and which are
interest-free loan projects.

(b) Notwithstanding the provisions of subsection (a) of this section, in any fiscal
year the Department may expend from the Waterway Improvement Fund without
legislative approval a total sum of not more than $225, 000. Of this amount, a sum of not
more than $125, 000 may be expended for small projects under § 8-707(3) and (4) OF
THIS SUBTITLE, subject to the limitation that [no one single project of this kind may]
A SINGLE PROJECT OF THIS KIND MAY NOT exceed $5, 000 in cost to the
Waterway Improvement Fund, and a sum of not more than $100, 000 may be expended
for boating safety and education.

8-709. 1.

(b) Except as provided under § 9-333 of the Environment Article, on or after
July 1, 1989[,] a person may not construct:

(1) [any] ANY additional slips at an existing marina that would result in a
total slip capacity of more than 10 slips; or

(2) [construct a] A new marina with more than 10 slips on the navigable
waters of the State.

8-710.

(a) A manufacturer or dealer may not conduct his business in the State unless
licensed as a manufacturer or dealer pursuant to [rules and] regulations the
Department adopts.

(b) An out-of-state or foreign manufacturer or dealer shall be exempted from
licensing solely for purposes of displaying and selling vessels at a boat show, boat
exposition, or outdoor recreation show if:

- 128 -