404

LAWS OF MARYLAND

Ch. 186

THE FIRST HONEYS ADVANCED UNDER THE LOAN AND CONTINUING
FOR TWO YEARS AFTER THAT DATE. ON SALE OF THE SHELL
BUILDING, THE POLITICAL SUBDIVISION SHALL REPAY THE
ENTIRE AMOUNT OF THE LOAN. SUBJECT TO THE REQUIRED
REPAYMENT IN THE EVENT OF A SALE, THE PRINCIPAL BALANCE
OF THE LOAN REMAINING AT THE END OF THE TWO-YEAR
AMORTIZATION PERIOD SHALL BE AMORTIZED OVER A PERIOD NOT
EXCEEDING 25 YEARS IN ACCORDANCE WITH AN AMORTIZATION
SCHEDULE APPROVED BY THE SECRETARY. MONEYS LOANED FOR
COSTS OF FINISHING THE SHELL BUILDING, AFTER CLOSING THE
INITIAL LOAN, SHALL BE AMORTIZED TOGETHER WITH OR WITHIN
THE PERIOD FOR AMORTIZATION OF THE INITIAL LOAN. THE
BORROWING SUBDIVISION SHALL GIVE TO THE SECRETARY AT
LEAST 30 DAYS ADVANCE NOTICE AND OBTAIN HIS WRITTEN
APPROVAL OF ANY SALE OR LEASE.

(E) THE LOAN AGREEMENT SHALL BE RECORDED AMONG THE
LAND RECORDS OF THE POLITICAL SUBDIVISION IN WHICH THE
PROJECT IS LOCATED AND SHALL CONSTITUTE A FIRST LIEN ON
THE LAND AND THE IMPROVEMENTS.

SECTION 3. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1976.

Approved April 13, 1976.

CHAPTER 187

(House Bill 734)

AN ACT concerning

Dentistry — Health Maintenance Organization

FOR the purpose of providing that licensed dentists and
licensed dental hygienists may practice dentistry
and dental hygiene, respectively, as employees of a
certified Health Maintenance Organization; and
clarifying language.

BY repealing and reenacting, with amendments,

Article 32 - Dentistry

Section 1 and 31(b)

Annotated Code of Maryland

(1971 Replacement Volume and 1975 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That Sections 1 and 31(b) of Article 32 -
Dentistry, of the Annotated Code of Maryland (1971
Replacement Volume and 1975 Supplement) be and they are
hereby repealed and reenacted, with amendments, to read
as follows: