3618

LAWS OF MARYLAND

Ch. 642

Section 13B

Annotated Code of Maryland

(1980 Replacement Volume and 1981 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Annotated Code of Maryland
read(s) as follows:

Article 78A - Public Works

13B.

(a) The Department of Economic and Community
Development is authorized and empowered to coordinate and
cooperate with the federal government or any agency or
officer thereof to implement, in the State of Maryland, the
provisions of the "Appalachian Regional Development Act of
1965," as amended from time to time, to enter into and
complete any and all contracts and agreements thereunder,
and to do all things necessary and proper to carry out the
terms of the aforesaid act, including the expenditure of
funds therefor, in the fields of highways, natural
resources, agriculture, education, training, health, and
welfare and all other fields related to the purposes of the
said act. If the said federal government or any agency or
officer thereof offers to the State of Maryland services,
equipment, supplies, materials or funds by way of gift or
grant for purposes of the Appalachian regional development
program, the State of Maryland, acting through the Governor
and the Department of Economic and Community Development may
accept such offer and may authorize any officer of the State
or of one of the political subdivisions as the case may be
to receive and utilize such aid and assistance.

(B)  THE MARYLAND STATE APPALACHIAN HOUSING FUND IS
CREATED AS A NONLAPSING, REVOLVING SPECIAL FUND INTO WHICH
SHALL BE PLACED:

(1)  RECEIPTS OF THE DEPARTMENT OF ECONOMIC AND
COMMUNITY DEVELOPMENT PURSUANT TO SUBSECTION (A) OF THIS
SECTION;

(2)  INCOME FROM INVESTMENTS THAT THE STATE
TREASURER MAKES PURSUANT TO SUBSECTION (D) OF THIS SECTION;
AND

(3)  ANY REPAYMENTS OF PRINCIPAL OR INTEREST ON
LOANS OR SITE DEVELOPMENT ADVANCES MADE PURSUANT TO
SUBSECTION (A) OF THIS SECTION.

(C)  THE MARYLAND STATE APPALACHIAN HOUSING FUND SHALL
BE EXPENDED BY THE DEPARTMENT OF ECONOMIC AND COMMUNITY
DEVELOPMENT TO FULFILL ITS OBLIGATIONS UNDER ANY CONTRACT OR
AGREEMENT AUTHORIZED BY SUBSECTION (A) OF THIS SECTION-