280                              LAWS OF MARYLAND                      [CH. 106

Sec. 2. And be it further enacted, That this Act is hereby de-
clared to be an emergency measure and necessary for the immediate
preservation of the public health and safety and having been passed
by a yea and nay vote supported by three-fifths of all the members
elected to each of the two houses of the General Assembly, the same
shall take effect from the date of its passage.

Approved April 9, 1969.

CHAPTER 106
(Senate Bill 202)

AN ACT to repeal and re-enact, with amendments, Section 266-O (3)
of Article 41 of the Annotated Code of Maryland (1968 Supple-
ment), title "Governor—Executive and Administrative Depart-
ment," subtitle "Maryland Industrial Development Financing
Authority Act," amending the laws concerning certain definitions
in the Maryland Industrial Development Financing Authority Act
in order to correct a cross reference therein.

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 266-0 (3) of Article 41 of the Annotated Code of Mary-
land (1968 Supplement), title "Governor—Executive and Administra-
tive Department," subtitle "Maryland Industrial Development Fi-
nancing Authority Act," be and it is hereby repealed and re-enacted,
with amendments, to read as follows:

266-O (3).

As used in this subtitle the following words and terms have the
following meanings and unless the context indicates another or
different meaning or intent:

(1) "Cost of project" means the aggregate costs incurred after
the approval of a loan determined by the Authority to be reasonably
necessary to the construction, acquisition, rehabilitation, or improve-
ment of a project, including, without intending thereby to limit the
generality of such costs: the cost of acquiring real property therefor;
the cost of constructing or reconstructing buildings and improve-
ments thereon, including, to the extent such costs are not borne by
the municipality, county, or other taxing district within which the
project is located, the cost of constructing means of access to and
from such project; the cost of constructing extensions to the project
site of existing utility systems if such costs are customarily borne
by the consumer; insurance premiums, financing charges, interest
costs, commitment fees, and other similar charges and fees incurred
prior to or during the period of construction, rehabilitation, or im-
provement; any fees or charges imposed by the Authority in respect
to an application for a mortgage loan; the cost of preparing project
specifications, surveys, estimates, applications, and other documents;
and all such other costs, charges, fees, and expenses, including labor
costs, overhead costs, the costs of materials and supplies, and en-
gineering and legal expenses, as may be reasonable incident to the
construction, acquisition, rehabilitation, or improvement of the
project; furthermore, the term "cost of project" i