1986

LAWS OF MARYLAND

Ch. 494

(1)  That is organized and operated mainly to
foster, encourage, and assist the physical location and
settlement of industrial and manufacturing enterprises in
this State or to promote the industry of this State; and

(2)  No part of the net earnings of which inures
to the benefit of any private shareholder or individual.

[(1) "Mortgagor" means a borrower who is qualified to
be a mortgagor under § 13-131(b) of this subtitle.]

[(m)] (P) "Political subdivision" means any county or
municipal corporation in this State.

[(n)] (Q) "Property" means any real or personal
property.

[(o)] (R)     "Public body" means:

(1)  A political subdivision;

(2)  An industrial development authority; or

(3)  The State Aviation Administration.

[(P)] (S) (1) "Public use airport" means any privately
OR STATE owned area that is established for the landing and
taking off of aircraft and that is open to flight operations
by the public.

(2) "Public use airport" includes any one or
more or combination of:

(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.

[(q)] (T) "Secretary" means the Secretary of Economic
and Community Development.

13-102.

(a) The General Assembly finds that:

(1) A need exists for new and expanded
industrial enterprises to provide enlarged opportunities for
gainful employment by the people of this State and, thus, to
insure the preservation and betterment of the economy of
this State;