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2006 LAWS OF MARYLAND
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Ch. 63
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AND ESSENTIAL GOVERNMENTAL FUNCTIONS FOR WHICH PUBLIC MONEY MAY BE
SPENT AND PRIVATE PROPERTY ACQUIRED;
(7) IT IS THE POLICY OF THE STATE TO DEVELOP SAFE, SANITARY, AND
DECENT HOUSING FOR STATE RESIDENTS;
(8) THERE IS A NEED FOR AVAILABLE MORTGAGE CREDIT BECAUSE
MANY PURCHASERS AND OWNERS OF HOUSING CANNOT AFFORD MORTGAGE CREDIT
AT THE MARKET INTEREST RATE OR GET MORTGAGE CREDIT BECAUSE THE
MORTGAGE CREDIT MARKET IS SEVERELY RESTRICTED; AND
(9) THIS DIVISION II IS NEEDED IN THE PUBLIC INTEREST.
REVISOR'S NOTE: This section is new language derived without substantive
change from former Art. 44A, § 1-102.
In the introductory language of this section, the clause "[t]he General
Assembly finds that" is substituted for the former clause "[i]t is hereby
declared that" to conform to the terminology used throughout this article.
In items (1) and (2) of this section, former references to the phrases "in the
State" and "[w]ithin the State" are deleted as surplusage.
Also in items (1) and (2) of this section, references to "housing" are
substituted for the former references to "dwelling accommodations" to
conform to the terminology used throughout this article.
In item (2) of this section, the former reference to "congested" is deleted in
light of the reference to "overcrowded".
In item (3) of this section, the former reference to "existing" housing is
deleted as surplusage.
In item (4)(i) of this section, the former reference to the public health,
safety, morals, and welfare "of the residents of the State" is deleted as
surplusage.
In item (4)(ii) of this section, the reference to "cause too much" public
money is substituted for the former reference to "necessitate excessive and
disproportionate expenditures of" public money for brevity.
In item (5)(i) of this section, the phrase "through the private housing
market" is added to state expressly what was only implied in the former
law — that certain areas cannot be assisted in any way other than through
the private housing market.
In item (6) of this section, the former reference to "uses" is deleted in light
of the reference to "purposes".
In item (7) of this section, the reference to State "residents" is substituted
for the former reference to "citizens" of the State for consistency
throughout this article. See General Revisor's Note to this Division II.
- 424 -
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