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2196 LAWS OF MARYLAND Ch. 402
depreciation payments as may be necessary to maintain the
integrity of the project until principal has been
completely amortized, all as the Authority from time to
time prescribes or approves.
(5) Be in such form and contain such terms
and provisions with respect to property insurance,
repairs, alterations, payment of taxes and assessments or
payments in lieu thereof, default reserves, delinquency
charges, default remedies, anticipation of maturity,
additional and secondary liens, and other matters as the
Authority may prescribe.
(6) Not have a maturity later than the
initial term of the lease of the property on which the
mortgage is granted; provided, however, that this shall
in no way preclude the prepayment of any mortgage so
insured.
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SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1977.
Approved May 17, 1977.
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CHAPTER 403
(House Bill 225)
AN ACT concerning
Community Development Administration — False Statement
FOR the purpose of prohibiting and providing penalties
for the making of certain false statements or
reports in connection with loans by the Community
Development Administration.
BY adding to
Article 41 — Governor—Executive and
Administrative Departments
Section 266DD-7
Annotated Code of Maryland
(1971 Replacement Volume and 1976 Supplement)
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SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That new Section 266DD-7 be and it is hereby
added to Article 41 - Governor-Executive and
Administrative Departments, of the Annotated Code of
Maryland (1971 Replacement Volume and 1976 Supplement) to
read as follows:
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Article 41 - Governor—Executive and
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