1862

LAWS OF MARYLAND

Ch. 592

FOLLOWING CONDITIONS:

(1)    THE PROPERTY IS OWNED BY ANY PERSON, FIRM
OR CORPORATION ENGAGED IN THE CONSTRUCTION OR OPERATION OF
HOUSING STRUCTURES OR PROJECTS;

(2)    THE PROPERTY IS USED FOR A HOUSING
STRUCTURE OR PROJECT, WHICH, PROVIDED THAT THE STRUCTURE OS
PROJECT IS PREDOMINANTLY RESIDENTIAL, MAY CONTAIN
NONDWELLING COMMERCIAL AND COMMUNITY FACILITIES, INCLUDING A
DINING HALL, COMMUNITY ROOM, INFIRMARY, OR OTHER SERVICE
FACILITY TO SERVE ITS OCCUPANTS AND THE SURROUNDING
NEIGHBORHOOD;

(3) THE STRUCTURE OR PROJECT IS CONSTRUCTED OR
SUBSTANTIALLY REHABILITATED PURSUANT TO A FEDERAL, STATE, OR
LOCAL GOVERNMENT PROGRAM THAT PROVIDES OR INSURES ITS
FINANCING OR PROVIDES INTEREST SUBSIDY, RENT SUBSIDY, OR

RENT SUPPLEMENT;

(4)    THE PROJECT OR STRUCTURE IS SUBSTANTIALLY
COMPLETED AFTER JULY 1, 1978;

(5)    THE HOUSING IS CONTROLLED GOVERNMENTALLY AS

TO RENT, CHARGES, RATE OF RETURN, OR METHODS OF OPERATION SO
AS TO OPERATE EITHER ON A NONPROFIT BASIS OR ON A LIMITED
DISTRIBUTION BASIS; AND

(6)    WHERE APPLICABLE, THE GOVERNING BODY OF THE

COUNTY AND CITY, WHERE__APPLICABLE, WHERE THE PROJECT IS

LOCATED HAS ENTERED INTO AN AGREEMENT WITH THE OWNER FOR THE
PAYMENT OF NEGOTIATED AMOUNTS IN LIEU OF ALL LOCAL TAXES
UPON THE PROPERTY AND FOR APPORTIONMENT, WHERE APPLICABLE,
BETWEEN THE COUNTY AND CITY. SUCH AGREEMENTS ARE AUTHORIZED
FOR REAL PROPERTY THAT MEET THE CONDITIONS SPECIFIED IN THIS
SUBSECTION.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect June 1, 1978.

Approved May 16, 1978.

CHAPTER 593

(House Bill 361)

AN ACT concerning

Office of Minority Business Enterprise

FOR the purpose of creating an Office of Minority Business
Enterprise within the Department of Economic and
Community Development; providing for a director of the
Office appointed by the Governor with the advice and