HARRY HUGHES, Governor

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(G) "PUBLIC PORT" MEANS THE PUBLIC PORTS AND HARBORS
ON THE CHESAPEAKE OR ISLE OF WIGHT BAYS AND THEIR
TRIBUTARIES WITHIN THE STATE, INCLUDING, WITHOUT LIMITATION,
BALTIMORE HARBOR (THE PATAPSCO RIVER AND ITS TRIBUTARIES
NORTH AND WEST OF NORTH POINT AND BODKIN POINT), THE PORT OF
CAMBRIDGE (THE SOUTH SIDE OF THE CHOPTANK RIVER BETWEEN
HAMBROOK'S BAR AND THE EMERSON C. HARRINGTON BRIDGE) AND THE
PORT OF CRISFIELD (THE LITTLE ANNEMESSEX RIVER EAST OF JAMES
ISLAND).

(P) "SALE AGREEMENT" MEANS ANY INSTALLMENT     SALE

AGREEMENT ENTERED INTO BETWEEN A PUBLIC BODY AND 1 OR     MORE

FACILITY USERS IN CONNECTION WITH AN ISSUE OF BONDS   UNDER
THIS SUBTITLE.

266B.

(A)  THE GENERAL ASSEMBLY MAKES THE FOLLOWING FINDINGS:

(1)  CONDITIONS OF UNEMPLOYMENT EXIST IN MANY
AREAS OF THE STATE;

(2)  THE ACQUISITION OF NEW FACILITIES AND
EXISTING FACILITIES IS ESSENTIAL TO RELIEVE THIS
UNEMPLOYMENT AND TO ESTABLISH A BALANCED ECONOMY WITHIN THE
STATE;

(3)  THE PRESENT AND PROSPECTIVE HEALTH,
HAPPINESS, SAFETY, RIGHT OF GAINFUL EMPLOYMENT, AND GENERAL
WELFARE OF THE CITIZENS OF EACH OF THE COUNTIES AND
MUNICIPALITIES OF THE STATE WILL BE PROMOTED BY THE
ACQUISITION OF FACILITIES;

(4)  THE CONTROL OR ABATEMENT OF POLLUTION OF THE
ENVIRONMENT OF THE STATE, INCLUDING THAT BY NOISE, IS
NECESSARY TO RETAIN EXISTING INDUSTRY AND COMMERCIAL
ENTERPRISES IN, AND ATTRACT NEW INDUSTRY AND COMMERCIAL
ENTERPRISES TO, THE STATE AND TO PROTECT THE HEALTH,
WELFARE, AND SAFETY OF THE CITIZENS OF THE STATE, TO PROTECT
THE NATURAL RESOURCES OF THE STATE, AND TO ENCOURAGE THE
ECONOMIC DEVELOPMENT OF THE STATE; AND

(5)  THE PUBLIC PORTS OF THE STATE ARE ASSETS OF
VALUE TO THE ENTIRE STATE; THE RESIDENTS OF ALL PARTS OF THE
STATE BENEFIT DIRECTLY FROM THE WATERBORNE COMMERCE THAT
THEY ATTRACT AND SERVICE; AND ANY IMPROVEMENT TO THESE PORTS
THAT INCREASES THEIR EXPORT AND IMPORT COMMERCE WILL BENEFIT
THE PEOPLE OF THE ENTIRE STATE.

(B)  THE GENERAL ASSEMBLY DECLARES ITS LEGISLATIVE
PURPOSE TO:

(1) RELIEVE CONDITIONS OF UNEMPLOYMENT IN THE
STATE;