2004                                         LAWS OF MARYLAND                                     Ch. 241

(1982 Replacement Volume and 1984 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article 41 - Governor - Executive and Administrative

Departments

257K.

(c) The Department may insure upon such terms as it may
prescribe any mortgage offered or any bonds or notes issued which
are eligible for insurance under the provisions of this section.
For the purposes of this section, the term "mortgage" includes
loans to finance or refinance the purchase of stock or membership
or to rehabilitate units in a cooperative ownership housing
corporation, AND THE TERM "HOUSING" INCLUDES ANY ANCILLARY
COMMERCIAL OR OTHER FACILITIES THAT ARE RELATED AND INCIDENTAL TO
THE HOUSING AND WOULD SUPPORT THE HOUSING... Fees shall be
established for [said] THIS insurance in an amount calculated to
cover administrative costs for this program as well as payments
made where defaults on mortgages, bonds or notes cause insured
losses to the lenders, bondholders or noteholders. For any
property acquired by the Department through foreclosure or
pursuant to any other payment in settlement for a claim for loss,
the Department may make a mortgage loan to assist in the
disposition of the property.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect June 1, 1985.

Approved May 21, 1985.

CHAPTER 242

(Senate Bill 814)

AN ACT concerning

Unemployment Insurance - Employees of Hospitals

FOR the purpose of restoring to the definition of "employment"
under the Unemployment Insurance Law, service performed by
certain residents or physicians in postgraduate education in
the employ of a hospital.

BY repealing and reenacting, with amendments,

Article 95A - Unemployment Insurance Law
Section 20(g)(8)(xvi)