|
WILLIAM DONALD SCHAEFER, Governor Ch. 311
Maryland], the Administration in exercising its functions and
responsibilities may sell or lease for a term not exceeding
ninety-nine years all or any portion of the real, mixed or
personal property constituting a community development project
without public bidding or public sale and upon such terms and
conditions as may be determined to make economically feasible
housing in that development for families of limited incomes
whenever such sale or lease is in conformity with a plan for
community development approved by the Secretary at a public
hearing after notice published in at least one newspaper of
general circulation in the municipality or county in which the
development is situated. The plan for community development
presented at the hearing shall be in accordance with regulations
established by the Secretary which shall require a description of
the property to be disposed of, a statement of the identity of
the proposed purchaser or lessee and his proposed use or reuse of
the property, the price or rental to be paid by such purchaser or
lessee and those conditions of such sale or lease which insure
that the community development purposes of this subheading will
be carried out.
(d) In effectuating the purposes of this [subheading]
SUBTITLE, the Administration shall comply with the requirements
of local laws, ordinances, codes, charters or regulations
applicable to such community development project.
(e) In effectuating the purposes of this [subheading]
SUBTITLE, the Administration shall work closely, consult and
cooperate with local elected officials. The Administration shall
give primary consideration to local needs and desires and shall
foster local initiative and participation in connection with the
planning and development of community developments. Wherever
possible, the Administration shall carry out community
development projects in conjunction with and through the use of
private enterprise, limited dividend corporations, local
development agencies and local development corporations.
Consideration shall also be given to local and regional goals and
policies as expressed in urban renewal, community renewal and
local comprehensive land use plans and regional plans.
[11-306.] 2-206.
(a) The Administration shall have the power and authority
to meet any development cost or to carry out any other of its
purposes through the expenditure of funds appropriated by the
legislature; through the expenditure of the proceeds of any State
loan to the extent provided by the legislature or any agency or
authority authorized to issue bonds therefor; through the
issuance of bonds, notes, or other evidences of indebtedness for
that purpose, payable solely from revenues of the Administration
as provided in this section; and from any other funds which may
be made available to the Administration for the purposes of
community development under this [subheading] SUBTITLE from its
- 1721 -
|
 |