Ch. 311                                   LAWS OF MARYLAND ;

notwithstanding inconsistent provisions of this [subheading]
SUBTITLE relating to bonds or notes issued by the Administration.
Except as so determined, the provisions of this [subheading]
SUBTITLE relating to bonds or notes issued by the Administration
apply to these securities.

[(16)] (15) (i) Administer a program of financial
assistance for home improvement projects, energy conservation
projects and solar energy projects. Financial assistance shall
be provided with funds and other moneys made available to the
Administration for such projects from sources including, but not
limited to: payments of financial assistance made to the
Administration pursuant to federal law, including without
limitation Title V of the Energy Security Act (P.L. 96-294);
bonds or notes issued by the Administration pursuant to this
[subheading] SUBTITLE; or any bonds or notes issued by the State
[of Maryland]. Any loan for a home improvement project having a
principal balance in excess of $5,000 shall be secured by a
mortgage. Subject to the provisions of any contract with
noteholders or bondholders, THE ADMINISTRATION MAY. consent to the
modification, with respect to rate of interest, time of payments
of any installment of principal or interest, security, or any
other term, of any loan, loan commitment, contract or agreement
of any kind to which the Administration is a party. In
connection with any property on which the Administration holds a
loan, the Administration is authorized to foreclose on the
property or commence any action to protect or enforce any right
conferred upon it by any law, mortgage contract or other
agreement, and to bid for and purchase the property at any
foreclosure or at any other sale, or acquire and take possession
of the property; and in either event the Administration may
complete, administer, pay the principal of and interest on any
obligations incurred in connection with the property, dispose of
and otherwise deal with the property, in a manner as may be
necessary or desirable to protect the interests of the
Administration. Any lien held by the Administration on property
shall be a lien superior to all other liens on the property
except liens for taxes owed to the State [of Maryland] or any
subdivision thereof and earlier mortgage liens. The
Administration may sell any mortgage or other obligation held by
it, at public or private sale, with or without public bidding,
including the sale of. such obligations and commitments to the
solar energy and energy conservation bank pursuant to Title V of
the Energy Security Act, P.L. 96-294.

(ii) Coordinate the promotion of its programs
of financial assistance for energy Conservation projects with the
energy conservation promotion programs of the Maryland Energy
Office.

(iii) Coordinate its programs of financial
assistance for energy conservation and solar energy projects with
the activities of the Maryland Energy Office, public utilities;

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