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ROBERT L. EHRLICH, JR., Governor
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Ch. 63
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REVISOR'S NOTE: This section is new language derived without substantive
change from the second sentence of former Art. 44A, § 4—102(b)(2).
The reference to "chair" is substituted for the former reference to
"chairman" because SG § 2-1238 requires the use of words that are neutral
as to gender to the extent practicable. See General Revisor's Note to this
Division II.
Defined term: "Prince George's Authority" § 17-101
17-107. POWERS OF PRINCE GEORGE'S AUTHORITY.
(A) IN GENERAL.
IN ADDITION TO THE POWERS LISTED ELSEWHERE IN THIS DIVISION II, THE
PRINCE GEORGE'S AUTHORITY MAY:
(1) EXERCISE ALL OR ANY PART OF THOSE POWERS TO PROVIDE
HOUSING, HOUSING REHABILITATION, HOUSING PROJECTS, INTEGRALLY RELATED
COMMERCIAL STRUCTURES, AND THEIR FINANCING FOR COUNTY RESIDENTS;
(2) EXERCISE OTHER FUNCTIONS AND RESPONSIBILITIES REQUIRED BY
THE COUNTY, INCLUDING COMMUNITY DEVELOPMENT; AND
(3) ACQUIRE AND SPEND PUBLIC MONEY FOR ANY PURPOSE
AUTHORIZED UNDER THIS DIVISION II, IF THE EXERCISE OF ALL POWERS OF THE
PRINCE GEORGE'S AUTHORITY IS IN ACCORDANCE WITH PRINCE GEORGE'S COUNTY
LAW OR A CONTRACT OR CONTRACTS WITH PRINCE GEORGE'S COUNTY.
(B) REPORT.
AS REQUIRED BY PRINCE GEORGE'S COUNTY, THE PRINCE GEORGE'S
AUTHORITY ANNUALLY SHALL ISSUE A FINANCIAL REPORT FOR THE PREVIOUS
FISCAL YEAR BASED ON A CERTIFIED AUDIT.
(C) POWER OF COUNTY.
PRINCE GEORGE'S COUNTY BY LOCAL LAW MAY REQUIRE THE PRINCE
GEORGE'S AUTHORITY TO COMPLY WITH BUDGETARY, FINANCIAL, PERSONNEL, AND
ETHICS PROCEDURES OF THE COUNTY.
(D) FINANCING POWERS — IN GENERAL.
WITH THE APPROVAL OF THE PRINCE GEORGE'S COUNTY GOVERNING BODY,
THE PRINCE GEORGE'S AUTHORITY WITHIN ITS AREA OF OPERATION ALSO MAY:
(1) MAKE CONSTRUCTION LOANS AND LONG-TERM MORTGAGE LOANS
TO ANY PERSON TO PRODUCE HOUSING UNDER THIS TITLE;
(2) BUY AND INSURE MORTGAGES SECURED BY SUCH HOUSING; AND
(3) MAKE OR BUY MORTGAGE LOANS TO HELP FIRST-TIME
HOMEBUYERS TO BUY EXISTING HOMES, IF:
(I) THE FIRST-TIME HOMEBUYERS:
- 541 -
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