WILLIAM DONALD SCHAEFER, Governor Ch. 311

calculated to cover administrative costs for this program as well
as payments made where defaults on loans cause insured losses to

the lenders.

(g) The Department shall be entitled to exercise any power
necessary or convenient to carry out the purposes of this
section, including, by way of example, the power to:

(1)  Contract for and accept, for use in carrying out
the provisions of this subtitle, loans and grants from the
federal, State, or any local government and any of its agencies
and instrumentalities;

(2)  Acquire, manage, operate, and dispose of
property, take assignments of rentals and leases, and make
contracts, leases, agreements, and arrangements that are
necessary or incidental to the performance of its duties;

(3)  Acquire or take assignments of loan documents;

(4)  Acquire, attach, seize, accept, or take title to
any property by conveyance or by foreclosure, and in either event
the Fund may complete, administer, dispose of, or otherwise deal
with that property in the manner necessary or desirable to
protect the interests of the Fund therein, including by way of
example, the payment of principal or interest on any obligations
incurred for that property;

(5)  Sell, lease, or rent property for any use;

(6)  Adopt rules and regulations necessary to carry

out the purposes of this subtitle.

(h) In determining whether or not to insure a loan and the
amount of insurance, the Secretary shall consider and determine:

(1)  Whether the project may reasonably be expected to

create new employment opportunities in the enterprise zone;

(2)  The amount of benefit, in terms of economic
development and employment opportunities which the project may
reasonably be expected to generate in the enterprise zone in
relation to such benefits which other projects seeking such
insurance may reasonably be expected to generate, and in relation
to the total funds available for insuring;

(3)  Whether the project, as proposed, will comply
with applicable zoning, health, and other laws or regulations

applicable to the project; and

(4)  Such other factors as the Secretary deems
relevant.

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