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566 LAWS OF MARYLAND Ch. 73
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13-130.
(A) THE AUTHORITY MAY USE THE BOND INSURANCE FUND FOR THE
PURPOSES DESCRIBED IN § 13-129 OF THIS SUBTITLE ONLY IF THE
REQUIREMENTS OF THIS SECTION ARE SATISFIED.
(B) ECONOMIC IMPACT. - THE AUTHORITY SHALL DETERMINE, IN
ITS SOLE AND ABSOLUTE DISCRETION, THAT THE ECONOMIC IMPACT OF THE
TRANSACTION WILL BE SUBSTANTIAL. TO DETERMINE THE ECONOMIC
IMPACT OF A TRANSACTION, THE AUTHORITY MAY CONSIDER ANY FACTOR IT
CONSIDERS RELEVANT.
(C) REMOVAL OR ABANDONMENT OF FACILITIES. - (1) THE
AUTHORITY SHALL DETERMINE THAT THE ACQUISITION OF A FACILITY WILL
NOT RESULT IN:
(I) THE REMOVAL OF THE BUSINESS OPERATIONS OF
THE FACILITY USER FROM ONE COUNTY TO ANOTHER COUNTY; OR
(II) THE ABANDONMENT OF A FACILITY IN THE
STATE; OR
(2) IF THE ACQUISITION OF A FACILITY WILL RESULT IN
THE OCCURRENCE OF EITHER OF THESE EVENTS, THE AUTHORITY SHALL
DETERMINE THAT THE ACQUISITION OF THE FACILITY WILL:
(I) DISCOURAGE THE FACILITY USER FROM LEAVING
THE STATE; OR
(II) PRESERVE THE COMPETITIVE POSITION OF THE
FACILITY USER IN ITS INDUSTRY.
(D) OPERATION BY AUTHORITY. - THE AUTHORITY SHALL DETERMINE
THAT THE AUTHORITY WILL NOT BE REQUIRED, EXCEPT ON DEFAULT, TO
OPERATE, SERVICE, OR MAINTAIN THE FACILITY OR ENERGY PROJECT.
(E) SECURITY. - THE BONDS OR INSTRUMENTS WITH RESPECT TO
WHICH FINANCIAL ASSISTANCE IS PROVIDED BY THE AUTHORITY SHALL BE
SECURED IN A MANNER APPROVED BY THE AUTHORITY.
(F) AMOUNT OF FINANCIAL ASSISTANCE. - FINANCIAL ASSISTANCE
PROVIDED BY THE AUTHORITY FROM THE BOND INSURANCE FUND WITH
RESPECT TO ANY ONE FACILITY MAY NOT EXCEED THE TOTAL AGGREGATE
AMOUNT OF $5,000,000.
(G) LEVERAGE OF FUND. - THE TOTAL AGGREGATE AMOUNT OF
INSURANCE FROM THE BOND INSURANCE FUND WITH RESPECT TO THE
INSURED PORTIONS OF PRINCIPAL OF BONDS OR OTHER INSTRUMENTS MAY
NOT EXCEED AT ANY TIME AN AMOUNT EQUAL TO 5 TIMES THE BALANCE IN
THE BOND INSURANCE FUND.
13-131.
SUBJECT TO THE PROVISIONS OF THIS PART IV, THE AUTHORITY
MAY, FROM THE AUTHORIZED PURPOSE INSURANCE FUND:
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