HARRY HUGHES, Governor                               2939

THAT 20 PERCENT OR MORE OF THE DWELLING ACCOMMODATIONS ARE
FOR LOW INCOME PERSONS ASSISTED OR WHO ARE ELIGIBLE TO BE
ASSISTED WITH FEDERAL SUBSIDIES. IF THE OWNERS OF THE
PROJECT CERTIFY TO THE HOUSING OPPORTUNITIES COMMISSION THAT
THEY WILL MAKE THEIR BEST EFFORTS TO COMPLY WITH THIS
SECTION., THE "SUBSTANTIAL" REQUIREMENT IS CONSIDERED
SATISFIED FOR PURPOSES OF THIS SECTION.

16.

(F) ANY BOND RECITING IN SUBSTANCE THAT IT HAS BEEN
ISSUED BY THE HOUSING OPPORTUNITIES COMMISSION OF MONTGOMERY
COUNTY TO AID IN FINANCING A HOUSING PROJECT FOR PERSONS OF
ELIGIBLE INCOME SHALL BE CONSIDERED CONCLUSIVELY, IN ANY
SUIT, ACTION OR PROCEEDING INVOLVING THE VALIDITY OR
ENFORCEABILITY OF THE BOND OR THE SECURITY FOR THE BOND, TO
HAVE BEEN ISSUED FOR A HOUSING PROJECT OF SUCH CHARACTER.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1981.

Approved May 19, 1981.

CHAPTER 789

(House Bill 1588)

AN ACT concerning

Economic Development - Urban Enterprise Zones

FOR the purpose of empowering the Division of Economic

Development to designate certain areas as urban

enterprise zones; providing the criteria by which an

area may be designated an urban enterprise zone

defining an Urban Enterprise Zone; granting certain
authority to the Governor, and certain power to advise
to the Commissioners of the State Accident Fund; and
providing certain incentives relating to income and
property taxes, workmen's compensation premiums, and
unemployment contributions for employers who locate in
the urban enterprise zones.

BY repealing and reenacting, with amendments,

Article 41 - Governor - Executive and Administrative

Departments
Section 260

Annotated Code of Maryland
(1978 Replacement Volume and 1980 Supplement)

BY adding to