HARRY HUGHES, Governor

53

(b) The remainder of such proceeds shall be used to
make or contract to make financial loans to any person or
other legal entity to be used for or in connection with the
purchase, acquisition, construction, reconstruction,
erection, development, redevelopment, rehabilitation,
renovation, modernization or improvement of buildings or
structures, including any land necessary therefor, within
the boundaries of Baltimore City, which buildings or
structures are to be used or occupied for industrial
purposes; to guarantee or insure financial loans made by
third parties to any person or other legal entity which are
to be used for or in connection with the purchase,
acquisition, construction, reconstruction, erection,
development, redevelopment, rehabilitation, renovation,
modernization or improvement of buildings or structures,
including any land necessary therefor, within the boundaries
of Baltimore City, which buildings or structures are to be
used or occupied for industrial purposes; to make or
contract to make financial loans to any person or other
legal entity to be used for or in connection with the
purchase or acquisition of leasehold or fee simple interests
in buildings or structures, and for construction,
reconstruction, erection, development, rehabilitation,
renovation, redevelopment or improvement of buildings or
structures, located within the boundaries of Baltimore City,
which buildings or structures are to be used or occupied for
commercial purposes; to guarantee or insure financial loans
made by third parties to any person or other legal entity to
be used for or in connection with the purchase or
acquisition of leasehold or fee simple interests in
buildings or structures, and for construction,
reconstruction, erection, development, rehabilitation,
renovation, redevelopment or improvement of buildings or
structures, located within the boundaries of Baltimore City,
which buildings or structures are to be used or occupied for
commercial purposes; and for doing any and all things
necessary, proper or expedient in connection with or
pertaining to any or all of the matters or things
hereinbefore mentioned.

SECTION 4. AND BE IT FURTHER ENACTED, That this Act is
hereby declared to be an emergency measure and necessary for
the immediate preservation of the public health and safety
and having been passed by a yea and nay vote supported by
three-fifths of all the members elected to each of the two
Houses of the General Assembly, the same shall take effect
from the date of its passage.

Approved April 2, 1982.