2656                                         LAWS OF MARYLAND                                     Ch. 527

(2) A MUNICIPAL CORPORATION SUBJECT TO THE PROVISIONS
OF ARTICLE XI-E OF THE MARYLAND CONSTITUTION.

(E) "SECRETARY" MEANS THE SECRETARY OF ECONOMIC AND
COMMUNITY DEVELOPMENT.

440.

(a) Any political subdivision of the State [(defined for
purposes of this section as a county or the City of Baltimore)]
desiring to acquire land under this section shall make
application for each project to the Secretary [of Economic and
Community Development (hereinafter called "the Secretary")]. The
application shall describe the project in such manner and detail
as the Secretary may, by regulation, determine, and shall
include, without limitation: (i) a full description of the land
and its characteristics; (ii) a complete statement as to why the
land is particularly suited to industry, and what particular
industry or industries it is best suited to; (iii) a statement of
the likelihood of any particular industry or industrial concern
being interested in the land in the near future; (iv) a
description of the zoning, sanitary and other appropriate laws
and regulations applicable to the land, and whether any changes
therein are contemplated by the applicant; (v) whether the
applicant [or a municipality in which the land is located] has
adopted or developed a general industrial land acquisition plan,
and, if so, a complete description of the plan and how the
project applied for relates to the plan; (vi) appraisals by two
qualified appraisers approved by the Secretary of the current
market value of the land; (vii) a description of employment and
unemployment conditions in the subdivision and in the particular
area [or municipality] in which the land is located, including
the rate of unemployment, if available, as determined by the
Maryland Employment Security Administration, and any anticipated
developments which may affect the rate of unemployment in the
near future; and (viii) whether there is a shortage of industrial
land in the subdivision and in the particular area [or
municipality] in which the land is located.

441.

(a) Any political subdivision of the State [(defined for
purposes of this section as a county or the City of Baltimore)]
may apply to the Secretary for a loan to finance, with respect to
an industrial park project described in the application, any one
or more of the following industrial park project costs:

(1)  Planning and/or engineering study costs;

(2)  Land acquisition;

(3)  Water distribution, sewer collection and other
utility lines, unless and except to the extent that any such
costs are or will be borne by a public utility;