Ch. 311                                    LAWS OF MARYLAND

2.  Without regard to any limitations on
the denomination of such obligations; and

3.  At any interest rate or cost or at any
price that the issuer considers necessary or desirable. The
issuer of the local obligations may pay any fees or charges
necessary to enable the Administration to sell its bonds, notes,
or other obligations or to provide the financial assistance
authorized by this subsection [(18)] (15), including any fees for
the insurance of local obligations or of notes, bonds, or
obligations of the Administration, or to provide any other
guarantee, credit enhancement, or additional security for any
such obligations.                                             

(iii) Notwithstanding any other provision of
public general or public local law, charter, or ordinance, in
order to. enhance the security or the marketability of the bonds,
notes, or obligations of the Administration sold to finance an
infrastructure project, a county or municipality may agree with
the Administration to pledge any moneys that the county or
municipality is entitled to receive from the State, including
without limitations the county or municipality share of income
tax. In the event of such pledge, the State Comptroller and the
State Treasurer shall cause in accordance with the terms of such
agreement such moneys to be paid to the Administration or any
trustee designated by the Administration.

[11-305.] 2-205.                                   

(a)  In accordance with regulations promulgated by the
Secretary [of Economic and Community Development], any contract,
arrangement or agreement entered into for purposes of carrying
out [its] THE functions and responsibilities OF THE
ADMINISTRATION under [§ 11-304 hereof,] § 2-204 OF THIS   SUBTITLE
shall be approved by the Secretary and. where required by law or
regulation by the Board of Public Works.

(b)  The Administration shall be required to obtain approval
of the land use for a community development by resolution of the
appropriate local governing body of the locality in which the
development is situated before acquiring by grant, gift,
purchase, or otherwise real property, which is not open,
predominantly open, or undeveloped land, personal property or
mixed property and owning, holding, clearing, improving,
constructing, or rehabilitating, and selling, assigning,
transferring, leasing, mortgaging, or otherwise disposing of same
or any combination of the foregoing. The Administration shall
also be required to obtain such approval from the appropriate
local governing body before building or constructing housing on
any real property.

(c)  Notwithstanding any provision of this [subheading]
SUBTITLE or any other law or regulation of the State [of

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