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HARRY HUGHES, Governor 2417
(D) A DETERMINATION BY THE AUTHORITY IN ACCORDANCE WITH
THIS PART V, SHALL REMAIN EFFECTIVE THROUGHOUT THE PERIOD DURING
WHICH THE FINANCIAL ASSISTANCE PROVIDED BY THE AUTHORITY IS IN
EFFECT.
13-137.
(A) IN GENERAL. - THE AUTHORITY MAY NOT CHARGE ANY PREMIUM
FOR INSURANCE IF THE AUTHORITY DETERMINES THAT AT THE TIME OF
APPROVAL OF INSURANCE, THE FACILITY, ENERGY PROJECT, OR BUSINESS
WITH RESPECT TO WHICH INSURANCE IS PROVIDED BY THE AUTHORITY IS
LOCATED IN A COUNTY WHERE THE AVERAGE UNEMPLOYMENT RATE IS AT
LEAST 1 PERCENT GREATER THAN THE AVERAGE UNEMPLOYMENT RATE FOR
THE UNITED STATES, AS DETERMINED IN ACCORDANCE WITH THIS SECTION.
(B) STANDARDS FOR UNEMPLOYMENT RATES. -
(1) AVERAGE UNEMPLOYMENT RATES FOR A COUNTY SHALL BE
THOSE ESTABLISHED BY THE STATE EMPLOYMENT SECURITY ADMINISTRATION
OR ANY OTHER AGENCY OR INSTRUMENTALITY RESPONSIBLE FOR
ESTABLISHING THE RATES.
(2) AVERAGE UNEMPLOYMENT RATES FOR THE UNITED STATES
SHALL BE THOSE ESTABLISHED BY THE UNITED STATES DEPARTMENT OF
LABOR OR ANY OTHER AGENCY OR DEPARTMENT RESPONSIBLE FOR
ESTABLISHING THE RATES.
(C) REVIEW OF RATES. - THE AUTHORITY SHALL:
(1) ANNUALLY REVIEW THE UNEMPLOYMENT RATES; AND
(2) ONLY CONSIDER ANNUAL UNEMPLOYMENT RATES
ESTABLISHED NOT MORE THAN 12 MONTHS BEFORE THE DATE OF THE
AUTHORITY'S REVIEW.
PART VI. ISSUANCE OF BONDS BY THE AUTHORITY.
13-138.
(A) IN GENERAL. - IN ORDER TO ACCOMPLISH THE PURPOSES OF
THIS SUBTITLE, IN ADDITION TO ANY OTHER POWERS IT MAY HAVE AND
NOTWITHSTANDING ANY LIMITATION OF LAW, THE AUTHORITY, ON BEHALF
OF THE STATE, MAY ISSUE AND SELL BONDS AS PROVIDED IN AND IN
ACCORDANCE WITH THE MARYLAND ECONOMIC DEVELOPMENT REVENUE BOND
ACT.
(B) ACQUISITION OF FACILITIES FROM BOND PROCEEDS. - THE
AUTHORITY MAY ACCOMPLISH THE ACQUISITION OF 1 OR MORE FACILITIES
FROM THE PROCEEDS OF THE SALE OF ITS BONDS BY 1 OR MORE OF THE
METHODS DESCRIBED IN THE MARYLAND ECONOMIC DEVELOPMENT REVENUE
BOND ACT.
(C) NOTIFICATION TO BOARD OF PUBLIC WORKS. - THE AUTHORITY
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