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LAWS OF MARYLAND

Ch. 164

(P) "FOREIGN ENTITY" MEANS A PERSON, BUSINESS ASSOCIATION,
OR CORPORATION LOCATED OUTSIDE THE UNITED STATES, OR A
GOVERNMENTAL UNIT OF A COUNTRY OTHER THAN THE UNITED STATES.

[(o)] (Q) "Municipality" means a municipal corporation
subject to the provisions of Article XI-E of the Constitution of
the State.

[(p)] (R) "Property" means any real property or personal
property.

[(q)] (S) "Public body" means any public body within the
meaning indicated in the Maryland Economic Development Revenue
Bond Act or the Maryland Energy Financing Administration.

[(r)] (T) "Public port" means any public port within the
meaning indicated in the Maryland Economic Development Revenue
Bond Act.

[(s)] (U) "Retail establishment" means any establishment
selling goods or services to the ultimate user or consumer of
those goods or services, not for the purpose of resale, but for
that user's or consumer's personal rather than business use.

[(t)] (V) "Secretary" means the Secretary of Economic and
Community Development.

[(u)] (W) "Transaction" means any transaction with respect
to which financial assistance is or will be provided by the
Authority under this subtitle.

13-132.

(i) The total aggregate amount of insurance from the
Authorized Purpose Insurance Fund of any one authorized purpose
obligation may not exceed: [80 percent of the total of the
principal of, redemption or prepayment premiums or penalties on,
and interest on such authorized purpose obligation.]

(1)  FOR AN EXPORT-RELATED FINANCING TRANSACTION, 90
PERCENT OF THE TOTAL OF THE PRINCIPAL OF, REDEMPTION OR
PREPAYMENT PREMIUMS OR PENALTIES ON, AND INTEREST ON THE
AUTHORIZED PURPOSE OBLIGATION; OR

(2)  FOR A TRANSACTION OTHER THAN AN EXPORT-RELATED
FINANCING TRANSACTION, 80 PERCENT OF THE TOTAL OF THE PRINCIPAL
OF, REDEMPTION OR PREPAYMENT PREMIUMS OR PENALTIES ON, AND
INTEREST ON THE AUTHORIZED PURPOSE OBLIGATION.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1986.

Approved April 29, 1986.