Ch. 598                                    LAWS OF MARYLAND

THAT ADVANCE ONE OR MORE OF THE GOALS DESCRIBED IN SUBPARAGRAPH
(III) OF THIS PARAGRAPH.

(III)  THE GOALS TO BE ADVANCED BY THE ISSUANCE
OF BONDS REQUIRING ALLOCATIONS UNDER THIS PARAGRAPH ARE:

1. INCREASING THE SUPPLY, QUALITY, AND
GEOGRAPHIC DISTRIBUTION OF HOUSING FOR LOW-INCOME PERSONS;

2.  EXPANDING OPPORTUNITIES FOR
HOMEOWNERSHIP;

3.  CREATING SIGNIFICANT JOB
OPPORTUNITIES;

4. LOCATING JOB-CREATING FACILITIES IN
ENTERPRISE ZONES OR AREAS OF HIGH UNEMPLOYMENT, URBAN
REDEVELOPMENT, OR PLANNED UNIT DEVELOPMENT;

5.  REDUCING, RECYCLING, OR TREATING SOLID
OR HAZARDOUS WASTES;                     

6.  ASSISTING IN THE EXPANSION OR
MODERNIZATION OF EXISTING MARYLAND INDUSTRY AND THE ATTRACTION OF
NEW AND DIVERSE FIRMS TO MARYLAND;

7.  PROMOTING THE HEALTH, SAFETY,
EDUCATION, OR WELFARE OF THE CITIZENS OF MARYLAND; AND

8. PROVIDING OPPORTUNITIES FOR MINORITY
BUSINESS ENTERPRISE AS BORROWER, LESSEE OR CONTRACTOR OR
SUBCONTRACTOR FOR CONSTRUCTION, SERVICES, OR SUPPLIES.

(IV)  ANY APPLICATION TO THE SECRETARY FOR AN
ALLOCATION FROM THE SECRETARY'S RESERVE SHALL DESCRIBE HOW THE
PROJECT TO BE FUNDED BY THE ISSUANCE OF THE BONDS WOULD ADVANCE
ONE OR MORE OF THE GOALS DESCRIBED IN SUBPARAGRAPH (III) OF THIS
PARAGRAPH AND SHALL INCLUDE SUCH OTHER INFORMATION AS THE
SECRETARY MAY REQUIRE. IN PROCESSING APPLICATIONS FOR
ALLOCATIONS AND IN RESERVING ALLOCATIONS, THE SECRETARY MAY GIVE
A PREFERENCE FOR PROJECTS THAT DEMONSTRATE READINESS TO PROCEED.

                    (V) UPON THE ISSUANCE OF ANY BONDS PURSUANT TO

A RESERVATION  OF ALLOCATION UNDER THIS PARAGRAPH WHICH REMAINS

EFFECTIVE ON THE DATE OF SUCH ISSUANCE, SUCH RESERVATION SHALL

AUTOMATICALLY CONVERT TO AN ALLOCATION PURSUANT TO THIS SECTION.

(VI) EXCEPT IN THE CASE OF ALLOCATIONS TO
MUNICIPALITIES UNDER PARAGRAPH (2) OF THIS SECTION, THE SECRETARY
MAY REQUIRE ANY LOCAL ISSUER, OTHER THAN A COUNTY, TO SUBMIT A
REQUEST FOR AN ALLOCATION OF THE MARYLAND STATE CEILING TO OR
THROUGH A COUNTY.

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