2218                                          LAWS OF MARYLAND                                      Ch. 630

SECTION 3. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1986.

Approved May 27, 1986.

CHAPTER 630

(House Bill 469)

AN ACT concerning

Housing - Maryland Home Financing Program

FOR the purpose of assisting nonprofit group home sponsors to buy
and modify homes through loans from the Maryland Home
Financing Program at a preferred interest rate to provide
group homes for certain persons with special housing needs;
specifying the qualifications and terms of loans to
nonprofit group home sponsors; requiring the Department of
Economic and Community Development to adopt regulations
concerning limits on return on equity and equity
participation agreements with nonprofit group home sponsors;
and generally relating to the Maryland Home Financing
Program.

BY repealing and reenacting, with amendments,

Article - Financial Institutions

Section 13-301, 13-302, 13-306, 13-307, 13-311, 13-313, and

13-315
Annotated Code of Maryland
(1980 Volume and 1985 Supplement)

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

Article - Financial Institutions

13-301.

(a)  In this subtitle the following words have the meanings
indicated.

(b)  "Adjusted annual income" means gross income from all
sources, including wages, investment income, social security,
retirement, disability, and unemployment insurance with the
following adjustments determined by the Department:

(1) Unusual or temporary income items;