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2006 LAWS OF MARYLAND
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Ch. 63
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(I) THE POLITICAL SUBDIVISION, WITHIN EACH OF ANY 3 FISCAL
YEARS WITHIN THE 5-YEAR PERIOD, HAS PROVIDED FINANCIAL ASSISTANCE TO THE
AUTHORITY FROM LOCAL TAX REVENUES OR BOND SALE PROCEEDS IN AN AMOUNT
EQUAL TO THE GREATER OF:
1. THE PRODUCT OF $1 TIMES THE NUMBER OF RESIDENTS
OF THE POLITICAL SUBDIVISION AS PUBLISHED ANNUALLY BY THE DEPARTMENT OF
HEALTH AND MENTAL HYGIENE OR AS OTHERWISE AVAILABLE; AND
2. THE PRODUCT OF $100 TIMES THE TOTAL NUMBER OF
HOUSING UNITS OWNED OR MANAGED BY THE AUTHORITY; AND
(II) THE AUTHORITY, AT THE REQUEST AND WITH THE FINANCIAL
SUPPORT OF THE POLITICAL SUBDIVISION, IS OPERATING ONE OR MORE HOUSING
PROJECTS FOR WHICH THE FEDERAL GOVERNMENT PROVIDED NO MORE THAN HALF
OF THE DEVELOPMENT AND OPERATING COSTS; AND
(2) THE ARTICLES OF ORGANIZATION MUST BE:
(I) RECOMMENDED IN WRITING BY THE CHIEF ELECTED
OFFICIAL;
(II) APPROVED BY A RESOLUTION OF THE BOARD OF
COMMISSIONERS OF THE AUTHORITY; AND
(III) ADOPTED BY A RESOLUTION OR ORDINANCE OF THE
LEGISLATIVE BODY.
(D) FILINGS BY CUSTODIAN OF RECORDS.
THE CUSTODIAN OF RECORDS SHALL FILE WITH THE SECRETARY OF STATE:
(1) A COPY OF THE DOCUMENTATION DESCRIBED IN SUBSECTION (C)(1)
OF THIS SECTION, IF APPLICABLE;
(2) THE ARTICLES OF ORGANIZATION AND THE APPLICABLE
RECOMMENDING, APPROVING, AND ADOPTING INSTRUMENTS DESCRIBED IN
SUBSECTION (B) OR (C)(2) OF THIS SECTION;
(3) CERTIFICATION BY THE CUSTODIAN OF RECORDS THAT THE
ARTICLES OF ORGANIZATION HAVE BEEN RECOMMENDED AND ADOPTED BY THE
POLITICAL SUBDIVISION IN ACCORDANCE WITH THE APPLICABLE REQUIREMENTS
OF SUBSECTION (B)(1) AND (3) OR SUBSECTION (C)(2)(I) AND (III) OF THIS SECTION;
AND
(4) CERTIFICATION BY THE SECRETARY OF THE PRE-EXISTING
AUTHORITY THAT THE ARTICLES OF ORGANIZATION HAVE BEEN APPROVED BY THE
BOARD OF COMMISSIONERS OF THE AUTHORITY IN ACCORDANCE WITH THE
APPLICABLE REQUIREMENTS OF SUBSECTION (B)(2) OR SUBSECTION (C)(2)(II) OF THIS
SECTION.
(E) ISSUANCE OF CERTIFICATE OF APPROVAL.
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