HARRY HUGHES, Governor

671

(2) TO DETERMINE THE ECONOMIC IMPACT OF A
PROJECT, THE AUTHORITY MAY CONSIDER:

(I)   THE AMOUNT OF ANY INSURANCE THAT IS
REQUESTED;

(II)   THE SIZE OF THE MORTGAGE LOAN;

(III)   THE NUMBER OF NEW JOBS THAT WILL BE
CREATED BY THE PROJECT; AND

(IV)   ANY OTHER FACTOR THAT THE AUTHORITY
CONSIDERS RELEVANT.

(C)   OPERATION BY AUTHORITY.

THE AUTHORITY MAY NOT APPROVE ANY MORTGAGE LOAN FOR
AN INDUSTRIAL PROJECT IF, EXCEPT ON DEFAULT, THE AUTHORITY
WOULD BE REQUIRED TO OPERATE, SERVICE, OR MAINTAIN THE
PROJECT UNDER ANY LEASE OR OTHER AGREEMENT.

(D)   PARTICIPATION BY STATE AVIATION ADMINISTRATION.

THE AUTHORITY MAY NOT APPROVE ANY MORTGAGE LOAN FOR
AN INDUSTRIAL PROJECT IN WHICH THE STATE AVIATION
ADMINISTRATION PARTICIPATES, UNLESS THE PROJECT INVOLVES A
PUBLIC USE AIRPORT THAT IS SUBJECT TO THE JURISDICTION OF
THE STATE AVIATION ADMINISTRATION.

REVISOR'S NOTE: This section is new language derived
without substantive change from the third and
fourth sentences of Art. 41, § 266-O(3) and Art.
41, § 266Q.

In subsection (a) (1) (i) of this section, the
words "plant or facility" are substituted for the
reference to an "industrial or manufacturing
plant" to conform to the references to the former
in subsection (a)(1)(ii) and (2)(i) of this
section.

In subsection (b) of this section, the present
reference to the approval of a project "for
insurance" is deleted, and the subsection is
revised to conform to the other subsections in
this section and apply to the approval of any
loan, whether or not the loan will be insured by
the Authority. This change reflects the current
practice of the Authority and its expanded
jurisdiction under Ch. 667, Acts of 1976, which
added Art. 41, § 266P(12) and similarly broadened
the scope of present Art. 11, § 266Q. As amended
by Ch. 496, Acts of 1979, present Art. 41, §
266P(12) now appears in § 13-129(1) of this
subtitle and present Art. 11, § 266Q now appears
in subsections (a), (c), and (d) of this section.