Ch. 227                                    LAWS OF MARYLAND

CHAPTER 227

(House Bill 506)                                

AN ACT concerning

Housing - Maryland Home Financing Program

FOR the purpose of altering the definition of "group home" under
the Home Financing Program; and authorizing the Department
of Economic and Community Development to immediately
accelerate the maturity of certain loans in default.

BY repealing and reenacting, with amendments,

Article - Financial Institutions

Section 13-301(d) and (e) and 13-315(b)

Annotated Code of Maryland

(1980 Volume and 1986 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.

(d)   "Group home" means a [home] HOUSING FACILITY offering:.

(1)   [common] COMMON, SHARED OR INDEPENDENT living,
dining, [and] KITCHEN, sanitary, [facilities, shared or
independent] AND sleeping facilities[,]; AND

(2)   [supportive] SUPPORTIVE services[, and] OR
supervisory [live-in] personnel to individuals with special
HOUSING needs [for group living facilities] where the individuals
are not related to the group home sponsor. Group home shall
include emergency and temporary housing facilities.

(e)   [Group home shall include emergency] EMERGENCY and
temporary housing facilities FOR HOMELESS PERSONS MAY BE FINANCED
AS A GROUP HOME AND NEED NOT INCLUDE ALL OF THE FACILITIES
DESCRIBED IN SUBSECTION (D)(1) OF THIS SECTION.

13-315.

(b) (1) Subject to paragraph (2) of this subsection, as
long as it complies with any applicable federal treasury
regulations governing the borrowing of moneys by the State, a
loan shall permit:

(i) The interest rate to be increased:

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