HARRY HUGHES, Governor

4571

(3)  THE CORPORATION SHALL PUBLISH AN ANNUAL
REPORT WHICH THE CORPORATION SHALL FILE WITH THE GOVERNOR
AND THE GENERAL ASSEMBLY. THIS REPORT SHALL INCLUDE A
DESCRIPTION OF SERVICES PROVIDED.

(4)  THE CORPORATION SHALL PRESCRIBE PROCEDURES
TO INSURE THAT, EXCEPT FOR LACK OF AVAILABLE FUNDS,
FINANCIAL ASSISTANCE COMMITTED MAY NOT BE SUSPENDED OR
TERMINATED AND AN APPLICATION FOR REFUNDING MAY NOT BE
DENIED UNLESS THE GRANTEE HAS BEEN GIVEN REASONABLE NOTICE
AND OPPORTUNITY FOR A TIMELY, FULL, AND FAIR HEARING
CONDUCTED BY AN INDEPENDENT HEARING EXAMINER. THE HEARING
SHALL BE HELD PRIOR TO ANY FINAL DECISION BY THE CORPORATION
TO TERMINATE FINANCIAL ASSISTANCE OR SUSPEND OR DENY
FUNDING.

(H) THE CORPORATION SHALL IDENTIFY INDEMNIFY THE
MEMBERS OF THE BOARD AND ITS OFFICERS, AGENTS, AND EMPLOYEES
TO THE MAXIMUM EXTENT PERMITTED BY THE MARYLAND GENERAL
CORPORATION LAW.

45H. CORPORATE LIMITATIONS.

(A)  THE CORPORATION MAY NOT ISSUE SHARES OF STOCK, OR
DECLARE OR PAY DIVIDENDS.

(B)  THE CORPORATION MAY NOT ITSELF:

(1)  PARTICIPATE IN LITIGATION UNLESS THE
CORPORATION OR A GRANTEE IS A PARTY, OR A GRANTEE IS
REPRESENTING AN ELIGIBLE CLIENT IN LITIGATION IN WHICH THE
INTERPRETATION OF THIS SUBTITLE OR A GUIDELINE ESTABLISHED
BY THE CORPORATION UNDER THIS SUBTITLE IS AN ISSUE.

(2)  UNDER ANY PROVISION OF THIS SUBTITLE,
INTERFERE WITH ANY ATTORNEY'S PROFESSIONAL RESPONSIBILITIES
TO CLIENTS ESTABLISHED BY THE CODE OF PROFESSIONAL
RESPONSIBILITY;

(3)  CONTRIBUTE OR MAKE AVAILABLE CORPORATE FUNDS
OR SERVICES TO ANY POLITICAL PARTY OR ASSOCIATION, OR THE
CAMPAIGN OF ANY CANDIDATE FOR PUBLIC OR PARTY OFFICE;

(4)  COMPETE DIRECTLY OR INDIRECTLY WITH ANY
GRANTEE NAMED IN § 45C(E) OF THIS SUBTITLE.

(C)  NO PART OF THE NET EARNINGS OF THE CORPORATION
SHALL INURE TO THE BENEFIT OF ANY MEMBER, TRUSTEE OR OFFICER
OF THE CORPORATION, OR ANY PRIVATE PERSON, EXCEPT THAT
REASONABLE COMPENSATION MAY BE PAID FOR SERVICES ACTUALLY
RENDERED TO OR FOR THE CORPORATION, AND NO MEMBER, TRUSTEE
OR OFFICER OF THE CORPORATION, OR ANY PRIVATE PERSON SHALL
BE ENTITLED TO SHARE IN THE DISTRIBUTION OF ANY OF THE
CORPORATE ASSETS ON DISSOLUTION OF THE CORPORATION.