1890

LAWS OF MARYLAND

Ch. 605

TREATED, FOR PURPOSES OF THIS SECTION, AS LOANS MADE FROM
THE PROCEEDS OF THE BONDS AUTHORIZED TO BE ISSUED UNDER THIS
ACT.

Chapter 734 of the Acts of 1975

SECTION 6. AND BE IT FURTHER ENACTED, That, except for
the amounts required for administrative costs, all SCHEDULED
(TIMELY OR LATE) payments of principal and interest on
loans made from the proceeds of the bonds authorized to be
issued by this Act and made pursuant to the provisions of
said Section 266FF-1 through 266FF-4 of Article 41, as
amended from time to time, shall be used to repay the
interest on and principal of any bonds issued under this
Act. ANY PREPAYMENT OF THE PRINCIPAL OF A LOAN SHALL MAY BE
USED TO MAKE ADDITIONAL LOANS UNDER THE MARYLAND HOME
FINANCING PROGRAM, WHICH LOANS SHALL BE TREATED, FOR
PURPOSES OF THIS SECTION, AS LOANS MADE FROM THE PROCEEDS OF
THE BONDS AUTHORIZED TO BE ISSUED UNDER THIS ACT.

Chapter 754 of the Acts of 1974

SECTION 6. AND BE IT FURTHER ENACTED, That, except for
the amounts required for administrative costs, all SCHEDULED
(TIMELY OR LATE) payments of principal and interest on loans
made from the proceeds of the bonds authorized to be issued
by this Act and made pursuant to the provisions of said

Section 266FF-1 through 266FF-4 of Article 41, as amended

from time to time, shall be used to repay the interest on
and principal of any bonds issued under this Act. ANY
PREPAYMENT OF THE PRINCIPAL OF A LOAN MAY BE USED TO MAKE
ADDITIONAL LOANS UNDER THE MARYLAND HOME FINANCING PROGRAM,
WHICH LOANS SHALL BE TREATED, FOR PURPOSES OF THIS SECTION,

AS LOANS MADE FROM THE PROCEEDS OF THE BONDS AUTHORIZED TO

BE ISSUED UNDER THIS ACT.

Chapter 698 of the Acts of 1976

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That:

(3) Except for the amounts required for
administrative costs, all SCHEDULED (TIMELY OR LATE)
payments of principal and interest on loans made from the
proceeds of the bonds authorized to be issued by this Act
and made pursuant to the provisions of Sections 266FF—1
through 266FF—4 of Article 41, shall be used to repay the
interest on and principal of any bonds issued under this
Act. ANY PREPAYMENT OF THE PRINCIPAL OF A LOAN SHALL MAY BE
USED TO MAKE ADDITIONAL LOANS UNDER THE MARYLAND HOME
FINANCING PROGRAM, WHICH LOANS SHALL BE TREATED, FOR
PURPOSES OF THIS PARAGRAPH, AS LOANS MADE FROM THE PROCEEDS
OF THE BONDS AUTHORIZED TO BE ISSUED UNDER THIS ACT.

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