1386

LAWS OF MARYLAND

Ch. 496

(I) LANDS, AIRFIELD IMPROVEMENTS, TERMINAL
AREA IMPROVEMENTS, GENERAL AVIATION FACILITIES, AIR CARGO
FACILITIES, GENERAL SITE IMPROVEMENTS, UTILITIES, ROADS,
STREETS, PARKING LOTS, AND OTHER FACILITIES USEFUL OR
DESIGNED FOR USE IN CONNECTION WITH THE OPERATION OF A
PUBLIC USE AIRPORT; AND

(II) ALL OTHER APPURTENANCES AND EQUIPMENT
USEFUL OR DESIGNED FOR USE IN THE HANDLING OF AIR CARRIER
SERVICE, GENERAL AVIATION ACTIVITIES, AND OTHER RELATED
ACTIVITIES OPEN TO THE PUBLIC.

266P.

Subject to the authority and powers of the Secretary of
Economic and Community Development set forth in the laws of
Maryland, the Authority may:

(12) Approve [mortgaqe] loans for industrial
projects in accordance with this subtitle, whether or not
[the] a mortgage loan will be insured as provided in § 266T
of this article; and

266Q.

(1)   The Authority may not approve any [project]
LOAN if [its] THE completion OF THE INDUSTRIAL PROJECT
FINANCED THEREBY would result in the removal of an
industrial or manufacturing plant of the project occupant

from one___area of the State to another area of the State or

in the abandonment of one or more plants or facilities of
the project occupant located within the State unless the
Authority determines on the basis of the application before

it that the [project] LOAN is reasonably necessary to

discourage the project__occupant from removing the other

plant or facility to a location outside the State or is

reasonably necessary to preserve the competitive position of
the project occupant in its respective industry.

(2)   The Authority may not approve any LOAN FOR
ANY INDUSTRIAL project that the Authority would be required
to operate, service or maintain pursuant to any lease or
other agreement except upon foreclosure.

(3)   The Authority may not approve any LOAN FOR
AN INDUSTRIAL project in which the State Aviation
Administration is a participant, unless the INDUSTRIAL
project [is airport—related or aviation—related and located
on land already owned by the State and] INVOLVES A PUBLIC
USE AIRPORT OR A PUBLIC USE AIRPORT FACILITY, subject to the
jurisdiction of the State Aviation Administration.

266W.

(a) AFTER AN ORDINANCE OR RESOLUTION HAS BEEN ADOPTED
BY THE LEGISLATIVE BODY OF THE MUNICIPALITY OR COUNTY,
SPECIFYING THE PROPOSED UNDERTAKING, THE AMOUNT OF MONEY TO