HARRY HUGHES, Governor 3181
borrowings by the Mayor and City Council of Baltimore, by
adding a new Section to Article II of the Charter of
Baltimore City, authorizing the Mayor and City Council of
Baltimore to use the proceeds of certain borrowing to make
or contract to make financial loans to any person or other
legal entity to be used for or in connection with the
rehabilitation, renovation, redevelopment, or improvement of
buildings or structures located within the boundaries of
Baltimore City, which buildings or structures are to be used
or occupied for residential purposes; to guarantee or insure
financial loans made by third parties to any person or other
legal entity to be used for or in connection with the
rehabilitation, renovation, redevelopment, or improvement of
buildings or structures located within the boundaries of
Baltimore City, which buildings or structures are to be used
or occupied for residential purposes; to make or contract to
make financial loans to any person or other legal entity to
be used for or in connection with the purchase or
acquisition of leasehold or fee simple interests in
buildings or structures, and for construction,
reconstruction, erection, development, rehabilitation,
renovation, redevelopment, or improvement of buildings or
structures, located within the boundaries of Baltimore City,
which buildings or structures are to be used or occupied for
commercial purposes; to guarantee or insure financial loans
made by third parties to any person or other legal entity to
be used for or in connection with the purchase or
acquisition of leasehold or fee simple interests in
buildings or structures, and for construction,
reconstruction, erection, development, rehabilitation,
renovation, redevelopment, or improvement of buildings or
structures located within the boundaries of Baltimore City,
which buildings or structures are to be used or occupied for
commercial purposes; to make or contract to make financial
loans to any person or other legal entity to be used for or
in connection with the purchase, acquisition, construction,
erection, or development of buildings or structures,
including any land necessary therefor, within the boundaries
of Baltimore City, which buildings or structures are to be
used or occupied for residential purposes; to guarantee or
insure financial loans made by third parties to any person
or other legal entity which are to be used for or in
connection with the purchase, acquisition, construction,
erection, or development of buildings or structures,
including any land necessary therefor, within the boundaries
of Baltimore City, which buildings or structures are to be
used or occupied for residential purposes; to make or
contract to make financial loans to any person or other
legal entity to be used for or in connection with the
purchase, acquisition, construction, reconstruction,
erection, development, redevelopment, rehabilitation,
renovation, modernization, or improvement of buildings or
structures, including any land necessary therefor, within
the boundaries of Baltimore City which buildings or
structures are to be used or occupied for industrial
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