764

LAWS OF MARYLAND

Ch. 48

Approved April 8, 1980.

CHAPTER 49

(Senate Bill 461)

AN ACT concerning

Maryland Industrial Development
Financing Authority (MIDFA) - Corrective

FOR the purpose of correcting the effect of a defect in the
title of Chapter 496 of the Laws of Maryland of 1979,
so that an industrial project applicant has the option
of becoming the mortgagor in any MIDFA loan where a
municipality, as well as a county, is the borrower, and
so that a municipality, as well as a county, is
authorized to lend the proceeds of any such loan to the
industrial project applicant; declaring this Act to be
an emergency measure; and making this Act void and of
no effect causing this Act to be abrogated and of no
further force and effect upon the enactment of certain
legislation.

BY repealing and reenacting, without amendments,

Article 41 - Governor - Executive and Administrative

Departments
Section 266J through 266CC, inclusive
Annotated Code of Maryland
(1978 Replacement Volume and 1979 Supplement)

Preamble

Chapter 496 of the Laws of Maryland of 1979 (Senate
Bill No. 885) amended the Maryland Industrial Development
Financing Authority Act, Article 41, Sections 266J through
266CC, Annotated Code of Maryland. Chapter 496 included an
amendment to Section 266WA, authorizing counties and
municipalities to loan the proceeds of a borrowing approved
by MIDFA to industrial project applicants, as an alternative
form of MIDFA transaction. The title of the bill referred
to "county" and failed to mention municipalities, so that
the Attorney General advised that the title was insufficient
under Article III, Section 29 of the State Constitution, and
this provision could not be given effect as to
municipalities. Baltimore City is defined as a
"municipality" in the MIDFA subtitle.

The General Assembly intends by this corrective Act to
cause the loan form of MIDFA transaction to be equally
available to counties and municipalities, effective