HARRY HUGHES, Governor                               1985

(vi) The [construction, reconstruction, or
repair] ACQUISITION of bulkheads, berths, wharves, supply
sheds, storage buildings, or other facilities,
appurtenances, and equipment necessary or useful in
connection with the operation of a modern port;

(vii) Acquisition[,                        refinancing,

rehabilitation, or improvement] of a public use airport;
[or]

(viii) The [construction, equipping, or
financing] ACQUISITION of a sports arena or sports stadium
used by a professional team with a franchise for major or
minor league baseball, basketball, football, ice hockey or
soccer[. ];

(ix) [Rehabilitation or improvement of the
facilities] ACQUISITION of any racetrack licensed for the
conduct of racing under Article 78B of the Code[.]; OR

(X) ACQUISITION OF ANY MACHINERY OR
EQUIPMENT USED IN A BUILDING OR OTHER FACILITY OF THE TYPE
DESCRIBED IN THIS § 13-101(K) WHETHER OR NOT THE BUILDING OR
OTHER FACILITY IS FINANCED PURSUANT TO THIS SUBTITLE.

(2) "Industrial project" does not include any
mercantile, retail, or service establishment except as
specified in paragraph (l)(iii), (vii), and (viii) of this
subsection.

[(k)] (L) (1) ["Mortgagee"] "LENDER" means the
original [mortgage] lender approved by the Authority and any
successor or assignee of that lender.

(2)  If the borrowing by a public body under §
13-140 is in the form of a bond issue, ["mortgagee"]
"LENDER" means the bondholders, trustee, or other fiduciary
for bondholders.

(3)  "LENDER" INCLUDES THE AUTHORITY, IF THE
AUTHORITY FINANCES THE ACQUISITION OF AN INDUSTRIAL PROJECT.

(M) "LOAN DOCUMENTS" MEANS ANY INSTRUMENT OR AGREEMENT
EVIDENCING OR SECURING THE REPAYMENT OF A LOAN OR BOND
ISSUED TO FINANCE THE ACQUISITION OF AN INDUSTRIAL PROJECT,
INCLUDING, BY WAY OF EXAMPLE, ANY NOTE, MORTGAGE, SECURITY
AGREEMENT, LOAN AGREEMENT, OR LEASE.

[(i) "Mortgage" means a mortgage on an industrial
project.]

[(j)] (N) ["Mortgage] "LOAN payments" means payments
that a [mortgagor] BORROWER is required to make under §
13-132(c) of this subtitle.

[(h)] (O) "Local development corporation" means any
corporation or foundation: