MARVIN MANDEL, Governor

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266FF-4. GENERALLY.

(A)    THE DEPARTMENT SHALL UTILIZE ANY FEDERAL
PROGRAMS WHICH COMPLEMENT OR FACILITATE THE MAKING OF
LOANS TO DISADVANTAGED AND LOW-INCOME HOME BUYERS IN
MARYLAND.

(B)    THE DEPARTMENT SHALL ADOPT AND ENFORCE
POLICIES TO AVOID CREATING OR AGGRAVATING LOW-INCOME
ECONOMIC CONCENTRATIONS WHICH ADVERSELY AFFECT
COMMUNITIES.

(C)    THE DEPARTMENT SHALL ALLOCATE FUNDS WITHIN THE
STATE TO INSURE THAT ALL AREAS ARE SERVED APPROPRIATELY.

(D)    THE DEPARTMENT SHALL CONTINUE RESEARCH AND
OBSERVATION OF THE MORTGAGE MARKET AND HOUSING CONDITIONS
PREVAILING IN MARYLAND.

SECTION 3. AND BE IT FURTHER ENACTED, That all
loans and Mortgages heretofore made under the sections
repealed hereby shall be valid and enforceable in all
respects according to their terms, by the Department of
Economic and Community Development to the use of the
State of Maryland.

SECTION 4. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1975.

Approved April 22, 1975.

CHAPTER 410
(House Bill 137)

AN ACT concerning

Economic and Community Development — Maryland Home
Financing Program

FOR the purpose of correcting erroneous references to the
Maryland Housing Fund, correcting language and
correcting a technical error.

BY repealing and re—enacting, with amendments,

Article 11 — Banks and Trust Companies
Section 108-1