2054

LAWS OF MARYLAND

Ch. 497

development of new and existing communities by reducing the
costs of development through grants and loans, TO ENCOURAGE
AND FACILITATE ENERGY CONSERVATION AND THE UTILIZATION OF
SOLAR ENERGY IN HOUSING, AGRICULTURAL, COMMERCIAL OR
INDUSTRIAL AND COMMERCIAL BUILDINGS BY PROVIDING GRANTS,
LOANS, AND OTHER FORMS OF FINANCIAL ASSISTANCE, making
available land for such development and by assisting the
efforts of private enterprise, municipalities, counties,
local public agencies and local development corporations.
EXCEPT FOR GRANTS FOR ENERGY CONSERVATION IN RESIDENTIAL
BUILDINGS WHICH MAY BE AWARDED TO THE MARYLAND ENERGY SUPPLY
AND CONSERVATION AUTHORITY ADMINISTRATION UNDER TITLE V OF
THE ENERGY SECURITY ACT, P.L. 96-294, AND ADMINISTERED BY
THE DEPARTMENT, [Grants] GRANTS of land or money shall be
limited to local governments or to organizations which are
defined under § 266DD-3(d), (e), (f), and (g).

266DD-3.

(b) "Development cost" means the costs incurred in
carrying out all works and undertakings which the Department
deems reasonable and necessary for the construction of a
community development project[.], AN ENERGY CONSERVATION
PROJECT, AND INDUSTRIAL ENERGY CONSERVATION PROJECT OR A
SOLAR ENERGY PROJECT. These shall include but are not
necessarily limited to the costs of all necessary studies,
surveys, plans and specifications, architectural,
engineering or other special services, acquisition of land
and any buildings thereon, site preparation and development,
construction, reconstruction, rehabilitation, improvement
and the acquisition of such machinery and equipment and
furnishings as may be deemed necessary in connection
therewith; the necessary expenses incurred in connection
with initial occupancy of the development; an allocable
portion of the administrative and operating expenses of the
Department; the cost of financing the project, including
interest on bonds and notes issued to finance the project
from the date thereof to the date when the Department shall
determine that the development be deemed substantially
occupied; and the cost of such other items, including any
indemnity and surety bonds and premiums on insurance, fees,
relocation costs, and charges and expenses of trustees,
depositories and paying agents for bonds and notes issued,
all as the Department shall deem necessary.

SECTION 4. AND BE IT FURTHER ENACTED, That Section(s)
266DD 3(c) and (d) through (i), respectively, of Article

41 - Governor - Executive and Administrative Departments, of

the Annotated Code of Maryland be renumbered to be

Section(s) 266DD-3(d) and (f) through (k), respectively.

SECTION 4. AND BE IT FURTHER ENACTED, That Section(s)
266DD-3(a) through (i), respectively, of Article - 41 -
Governor - Executive and Administrative Departments, of the
Annotated Code of Maryland be renumbered to be Section(s)
266DD-3(c), (d), (f), (h) through (1) and (p), respectively.