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2397
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MARVIN MANDEL, Governor
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568F.
(a) Loans made to any voluntary nonprofit hospitals
under the provisions of this subheading and with the use
of funds made available by the State of Maryland shall be
made on the express agreement, contract and understanding
that the loans, together with interest payments thereon,
are to be repaid in full to the State over a period not
in excess of forty (40) years from the time the loan
funds are paid out to the hospital. At such time as a
loan is made pursuant to the provisions of this
subheading, the applicant and the State of Maryland shall
enter into a written agreement, wherein the terms and
conditions of the loan shall be set forth in full, and
said agreement shall be placed upon the land records of
the political subdivision within which the applicant's
hospital is, or is to be located, and said recorded
agreement shall serve as a lien upon the property and
improvements, and shall constitute notice of the
obligation and its priority over any creditors who
thereafter may loan funds to the said hospital or
applicant. However, in order to facilitate financing for
any project by the Maryland Health and Higher Educational
Facilities Authority in accordance with the provisions of
Article 43C of this Code, as amended from time to time,
the Board of Public Works has the power, in its sole
discretion, upon terms and conditions it deems necessary
or desirable, and without seeking or obtaining the
approval of the Department of Health and Mental Hygiene,
but only if in the judgment of the Board the security
interest of the State remains adequate to secure the full
amount of the unpaid loan under the provisions of this
subheading due to the [State, (1) subordinate] STATE, TO
(1) SUBORDINATE the lien securing any loan made under
this subheading to the lien or other interest securing
any financing of the Maryland Health and Higher
Educational Facilities Authority, (2) release part of the
collateral then securing any loan made under this
subheading, (3) release all or part of the collateral
then securing any loan made under this subheading and
accept a substitution of collateral for the collateral
then securing any loan made under this subheading or (4)
permit any combination of the foregoing. Should the
applicant or the hospital thereafter cease to be a
voluntary nonprofit hospital, then upon the happening of
that event, the full amount of the unpaid loan shall
immediately become due and payable.
797.
(b) The Board shall keep a record of the places of
practice of [licenses] LICENSEES.
862.
(a) There is created a State Board of Social Work
Examiners which is a part of the Department of Health and
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