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2005 LAWS OF MARYLAND
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Ch. 599
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Section 2 and 3
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Chapter 7 of the Acts of 2004
SECTION 2. AND BE IT FURTHER ENACTED, That the Department of
Housing and Community Development shall issue to the General Assembly, in
accordance with § 2-1246 of the State Government Article, a preliminary report on or
before September 30, 2004, AN INTERIM REPORT ON OR BEFORE SEPTEMBER 30, 2005,
and a final report on or before September 30, [2005] 2006 on the implementation of
this Act. The reports shall include:
(a) with reference to loans provided by the Department, the amounts of the
loans and the borrowers' counties of residence;
(b) with reference to loans obtained in the private market for which the
Department provided credit enhancements, the amounts of the credit enhancements,
the borrowers' counties of residence, the names of the financial institutions that
provided the loans, and the amounts of the loans; and
(c) with reference to other financial assistance provided, including financial
assistance provided under the buy-down program, the amounts and sources of the
financial assistance and the borrowers' counties of residence.
SECTION 3. AND BE IT FURTHER ENACTED, That this Act is an
emergency measure, is necessary for the immediate preservation of the public health
or safety, has been passed by a yea and nay vote supported by three-fifths of all the
members elected to each of the two Houses of the General Assembly, and shall take
effect from the date it is enacted. Section 1 of this Act shall remain effective through
May 31 June 30 May 31, [2005] 2006 and, at the end of May 31 June 30 May 31,
[2005] 2006, with no further action required by the General Assembly, Section 1 of
this Act shall be abrogated and of no further force and effect.
Chapter 8 of the Acts of 2004
SECTION 2. AND BE IT FURTHER ENACTED, That the Department of
Housing and Community Development shall issue to the General Assembly, in
accordance with § 2-1246 of the State Government Article, a preliminary report on or
before September 30, 2004, AN INTERIM REPORT ON OR BEFORE SEPTEMBER 30, 2005,
and a final report on or before September 30, [2005] 2006 on the implementation of
this Act. The reports shall include:
(a) with reference to loans provided by the Department, the amounts of the
loans and the borrowers' counties of residence;
(b) with reference to loans obtained in the private market for which the
Department provided credit enhancements, the amounts of the credit enhancements,
the borrowers' counties of residence, the names of the financial institutions that
provided the loans, and the amounts of the loans; and
- 3420 -
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