MARVIN MANDEL, Governor

2903

Article 11 - Governor - Executive and Administrative

Departments

[[Section 266-O(11)]] Sections 266Q(3) and 266VA

Annotated Code of Maryland

(1971 Replacement Volume and 1974 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That Sections 266-O(1), 266-O(3), 266-O(5),
266-O(6), 266-O(8) 266-O(9), 226P(10), [[266Q(3),]]
266R(b), 266T, 266U(a), 266W, 266WA, 266X and 266AA of
Article — 41 Governor — Executive and Administrative
Departments, of the Annotated Code of Maryland (1971
Replacement Volume and 1974 Supplement) be and they are
hereby repealed and re—enacted, with amendments, to read
as follows:

Article — 41 Governor — Executive and Administrative

Departments

266-O.

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 improvement 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 improvements 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 improvement; 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
engineering and legal expenses, as may be reasonably
incident to the construction, acquisition,