2970

LAWS OF MARYLAND

Ch. 579

(4)  PREPARATION AND DISSEMINATION TO TIME-SHARE
ESTATE OWNERS OF AN ANNUAL BUDGET, OPERATING STATEMENTS, AND
OTHER FINANCIAL INFORMATION CONCERNING THE TIME-SHARE PROJECT;

(5)  ADOPTION OF STANDARDS AND RULES OF CONDUCT FOR
THE USE, ENJOYMENT, AND OCCUPANCY OF UNITS BY THE TIME-SHARE
ESTATE OWNERS. UNLESS OTHERWISE PROVIDED IN A PROJECT
INSTRUMENT, A TIME-SHARE ESTATE OWNER'S RIGHT OF ACCESS TO THE
TIME-SHARE ESTATE PROJECT SHALL BE LIMITED TO THE TIME PERIOD IN
HIS TIME-SHARE;

(6)  COMPREHENSIVE GENERAL LIABILITY INSURANCE FOR
DEATH, BODILY INJURY, AND PROPERTY DAMAGE ARISING OUT OF, OR IN
CONNECTION WITH, THE USE AND ENJOYMENT OF UNITS BY TIME-SHARE
ESTATE OWNERS, THEIR GUESTS, AND OTHER USERS. THE INSURANCE
REQUIRED BY THIS SUBSECTION SHALL BE IN ADDITION TO THE INSURANCE
REQUIRED BY § 11A-111. THE DEVELOPER SHALL PAY THE COSTS OF
SECURING AND MAINTAINING THE INSURANCE UNTIL THE DEVELOPER
CONTROL PERIOD ENDS, AFTER WHICH TIME THE COSTS WILL BE PAID BY
THE ASSOCIATION. NOTHING HEREIN SHALL BE CONSTRUED TO OBLIGATE
THE DEVELOPER TO SECURE INSURANCE ON THE CONDUCT, PERSONAL
EFFECTS, OR PROPERTY OF THE TIME-SHARE ESTATE OWNERS, THEIR
GUESTS, AND OTHER USERS;

(7)  COMPENSATION OR ALTERNATE USE PERIODS TO A
TIME-SHARE ESTATE OWNER IF HIS CONTRACTED FOR UNIT CANNOT BE MADE
AVAILABLE FOR THE PERIOD TO WHICH THE OWNER IS ENTITLED BY
SCHEDULE OR BY CONFIRMED RESERVATION;

(8)  PROCEDURES FOR IMPOSING A MONETARY PENALTY OR
SUSPENSION OF A TIME-SHARE ESTATE OWNER'S RIGHTS AND PRIVILEGES
IN THE TIME-SHARE ESTATE PROJECT FOR FAILURE OF SUCH OWNER TO
COMPLY WITH THE PROVISIONS OF THE TIME-SHARE INSTRUMENT OR THE
RULES AND REGULATIONS OF THE ASSOCIATION. UNDER THESE
PROCEDURES, A TIME-SHARE ESTATE OWNER MUST BE GIVEN NOTICE AND
THE OPPORTUNITY TO REFUTE THE CHARGES AGAINST HIM IN PERSON OR IN
WRITING TO THE BOARD OF DIRECTORS OF THE ASSOCIATION BEFORE A
DECISION TO IMPOSE DISCIPLINE IS RENDERED; AND

(9)  EMPLOYMENT OF ATTORNEYS, ACCOUNTANTS, AND OTHER
PERSONS AS NECESSARY TO ASSIST IN THE MANAGEMENT OF THE
TIME-SHARE ESTATE PROJECT.

11A-106.

(A) (1) THE TIME-SHARE INSTRUMENT FOR A TIME-SHARE ESTATE
PROJECT SHALL PROVIDE FOR A PERIOD OF TIME, TO BE CALLED THE
"DEVELOPER CONTROL PERIOD", DURING WHICH THE DEVELOPER OR A
MANAGING ENTITY SELECTED BY THE DEVELOPER SHALL MANAGE AND
CONTROL THE TIME-SHARE PROJECT.

(2) THE DEVELOPER SHALL BE RESPONSIBLE FOR COMMON
EXPENSES DURING THE DEVELOPER CONTROL PERIOD. OCCUPANCY EXPENSES
SHALL BE ALLOCATED ONLY TO THE TIME-SHARE ESTATE OWNERS. NOTHING
SHALL PRECLUDE THE DEVELOPER, DURING THE DEVELOPER CONTROL