1984                                   LAWS OF MARYLAND                                 Ch. 494

BONDS ISSUED TO FINANCE THE ACQUISITION OF ONE OR MORE
INDUSTRIAL PROJECTS.

[(e)] (I) "Fund" means the Industrial Project
[Mortgage] Insurance Fund.

[(f)] (J) "Industrial development authority" means an
industrial development authority created under Article 41,
§§ 266A-1 and 266A-2 of the Code.

[(g)] (K) (1) "Industrial project" means any one or
more of the following:

(i) The [construction,] acquisition[,
refinancing, rehabilitation, or improvement] of:

1.  A new industrial or manufacturing
plant;

2.  A former OR EXISTING industrial
or manufacturing plant;

3.  Buildings used mainly for storage
or transshipment of manufactured goods or agricultural or
seafood products; or

4.  Buildings used for research and
development for the discovery, perfection, or evaluation of
new processes or products;

(ii) The [construction, equipping, or
financing] ACQUISITION of facilities for developing and
producing gasohol;

(iii) The [construction,] acquisition[,
refinancing, rehabilitation, or improvement] of:

1.  Tourist or convention facilities,
which, if the Authority finds that the facilities will be
used primarily by or for tourists or conventioneers, may
include mercantile, retail, and service establishments;

2.  Mercantile, retail, or service
facilities that primarily serve out-of-state markets; or

3.  Office buildings for use as
corporate or company headquarters or as regional offices for
any business activity, including the activities mentioned in
this subsection and nonprofit organizations;

(iv) The dredging of spoils from tidal
waters and the filling of adjoining land;

(v) The development of areas for the
disposal of spoils;