2940

JOINT RESOLUTIONS

the HAP Program is designed solely as an aid in rental
payments and not regulatory of a rental operation and that
the average owner realizes no change in rental operation by
participation in the HAP Program; now, therefore, be it

RESOLVED BY THE GENERAL ASSEMBLY OF MARYLAND, That this
Body calls upon the owners of rental dwelling units in
Baltimore City or in Baltimore County within the area
eligible for the Housing Assistance Payments {"HAP") Program
of the Baltimore City Department of Housing and Community
Development (The "Department") to act in the best interests
of the elder citizens of the State of Maryland by
cooperating with the Department to fulfill the purpose of
the HAP Program to provide rental payment aid to low and
moderate income individuals; and be it further

RESOLVED, That this Body urges the owners of rental
dwelling units to assist elderly, in—place tenants in
participation in the HAP Program; and be it further

RESOLVED, That this Body assures the owner of any
rental dwelling unit that the Department is fully
cooperative in administration of the HAP Program and the
owner of a rental dwelling unit is not disadvantaged by
cooperation in the program; and be it further

RESOLVED, That copies of this Joint Resolution be sent
to the Commissioner of the Baltimore City Department of
Housing and Community Development for direction to selected
owners of rental dwelling units.

Approved May 2, 1978.

No. 9

(Senate Joint Resolution 52)

A Senate Joint Resolution concerning

Maryland State Retirement System Funds - Investments

FOR the purpose of requesting the Joint Committee on the
Management of Public Funds Joint Budget and Audit
Committee Legislative Policy Committee to study the
investment policies and practices followed by the
Retirement System Administration in the investment of
the Retirement System Funds and to make recommendations
to the Maryland General Assembly concerning the
appropriate role of the General Assembly in providing
legislative oversight of the investment of the funds.

WHEREAS, The market value of the Retirement System
funds as of December, 1977 was estimated to be $1.8 billion