HARRY HUGHES, Governor

3287

(C)  IF A MEMBERSHIP CERTIFICATE FOR A UNIT COOPERATIVE
INTEREST CONTAINS AN AFFIDAVIT BY THE GRANTOR THAT THE PROVISIONS
OF A LAW OR ORDINANCE ENACTED UNDER THIS SECTION HAVE BEEN
FULFILLED, THEN THE GRANTEE IN THAT GRANT TAKES TITLE TO THE UNIT
COOPERATIVE INTEREST FREE AND CLEAR OF ALL CLAIMS AND RIGHTS OF
ANY COUNTY, INCORPORATED MUNICIPALITY, OR HOUSING AGENCY UNDER A
LOCAL LAW OR ORDINANCE ENACTED UNDER THIS SECTION.

(D)  WITHIN 30 DAYS OF THE ENACTMENT OF A LAW OR ORDINANCE
UNDER THIS SECTION, THE COUNTY OR INCORPORATED MUNICIPALITY SHALL
FORWARD A COPY OF THE LAW OR ORDINANCE TO THE SECRETARY OF STATE.

5-6B-10.

(A)  THE INTENT OF THE GENERAL ASSEMBLY OF MARYLAND IS TO
FACILITATE THE ORDERLY DEVELOPMENT OF COOPERATIVE HOUSING
CORPORATIONS IN MARYLAND. THE GENERAL ASSEMBLY RECOGNIZES,
HOWEVER, THAT THE CONVERSION OF RESIDENTIAL RENTAL FACILITIES TO
COOPERATIVE HOUSING CORPORATIONS OR CONDOMINIUMS CAN HAVE AN
ADVERSE IMPACT ON THE AVAILABILITY OF RENTAL UNITS, RESULTING IN
THE DISPLACEMENT OF TENANTS.

(B)  A COUNTY OR INCORPORATED MUNICIPALITY MAY, BY
LEGISLATIVE FINDING, RECOGNIZE AND DECLARE THAT A RENTAL HOUSING
EMERGENCY EXISTS IN ALL OR A PART OF ITS JURISDICTION AND HAS
BEEN CAUSED BY THE CONVERSION OF RESIDENTIAL RENTAL FACILITIES.
ANY LEGISLATIVE FINDING SHALL EXIST FOR ONE YEAR, SUBJECT TO ANY
EXTENSIONS FOR PERIODS OF ONE YEAR AT A TIME. THE JURISDICTION
SHALL CONSIDER AND MAKE FINDINGS AS TO:

(1)  THE NATURE AND INCIDENCE OF CONVERSIONS OF
RESIDENTIAL RENTAL FACILITIES;

(2)  THE RESULTING HARDSHIP TO AND DISPLACEMENT OF
TENANTS; AND

(3)  THE SCARCITY OF RENTAL HOUSING.

(C)  UPON THE FINDING AND DECLARATION OF A RENTAL HOUSING
EMERGENCY CAUSED BY THE CONVERSION OF RENTAL HOUSING, A COUNTY OR
AN INCORPORATED MUNICIPALITY MAY BY THE ENACTMENT OF LAWS,
ORDINANCES, AND REGULATIONS, TAKE THE FOLLOWING ACTIONS TO MEET
THE EMERGENCY:

(1)  GRANT TO A DESIGNATED FAMILY AS DEFINED IN §
5-6B-07 OF THIS SUBTITLE A RIGHT TO AN EXTENDED LEASE FOR A
PERIOD IN ADDITION TO THAT PERIOD PROVIDED FOR IN § 5-6B-07 OF
THIS SUBTITLE. THE RIGHT TO AN EXTENDED LEASE MAY NOT, IN ANY
EVENT, RESULT IN A REQUIREMENT THAT A DEVELOPER SET ASIDE FOR AN
EXTENDED LEASE MORE THAN 20 PERCENT OF THE TOTAL NUMBER OF UNITS.

(2)  OTHERWISE EXTEND THE PROVISIONS OF § 5-6B-07 OF
THIS SUBTITLE EXCEPT THAT: