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Or. 19
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156
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LAWS OF MARYLAND
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(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.
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SECTION 4. AND BE IT FURTHER ENACTED, That this Act is
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, it shall take effect from the date of
its passage.
Approved April 12, 1983.
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