SPIRO T. AGNEW, Governor                        1495

Notwithstanding any of the foregoing provisions of this section,
the Board of Trustees may, by resolution passed prior to the issuance
of revenue bonds under the provisions of Sections 248L-248U, in-
clusive, of this subtitle or in the trust agreements securing such
bonds, covenant to pay all or any part of the cost of maintaining,
equipping, repairing and operating any housing unit or housing
units, and inasmuch as each such housing unit shall at all times
belong to the State, such covenant shall have the force of contract
between the Board of Trustees and the holders of the revenue bonds
or revenue refunding bonds issued on account of such project or
projects.

248-Q.

(a)  All moneys received by said Board of Trustees as proceeds
from the sale of bonds authorized by the provisions of Sections 248L-
248U, inclusive, and all moneys received by said Board of Trustees
by way of fees, rents, charges or other revenues from the housing
unit or housing units constructed from the proceeds of said bonds,
shall be deemed to be trust funds to be held and applied solely as pro-
vided by the provisions of Sections 248L-248U, inclusive, of this sub-
title. In the event that said Board of Trustees, by resolution or pur-
suant to the terms of a trust agreement, shall elect to pledge or assign
the income, fees, rents, charges and other revenues to be received
from any related facility, all such moneys so received shall likewise
be deemed to be trust funds to be held and applied solely as provided
by the provisions of Sections 248L-248U, inclusive, of this subtitle.

(b)  Any holder of bonds issued under the provisions of Sections
248L-248U, inclusive, of this subtitle, or any of the coupons apper-
taining thereto, and the trustee under any trust agreement, except
to the extent the rights herein given may be restricted by such trust
agreement or by the resolution authorizing the issuance of such
bonds, may, either at law or in equity, by suit, action, mandamus
or other proceedings, protect and enforce any and all rights under
the laws of the State or granted hereunder or under such trust
agreement or such resolution, and may enforce and compel the per-
formance of all duties required by the provisions of Sections 248L-
248U, inclusive, of this subtitle or by such trust agreement or such
resolution to be performed by the Board of Trustees or any officer
thereof, including the fixing, charging and collecting of fees, rents
and charges.

248R.

The exercise of the powers granted by the provisions of Sections
248L-248U, inclusive, of this subtitle will be in all respects for the
benefit of the people of this State, for the increase of their education
and prosperity, and for the improvement of their health, living con-
ditions and general welfare, and as the operation and maintenance
of said facilities and accommodations by said Board of Trustees
will constitute the performance of essential governmental functions,
said Board of Trustees shall not be required to pay any taxes or
assessments upon any building or buildings or any property, real,
personal or mixed, acquired or used under the provisions of Sections
248L-248U, inclusive, of this subtitle or upon the income there-
from; and the bonds issued under the provisions of Sections 248L-
248U, inclusive, of this subtitle, their transfer and income there-