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Ch. 632
LAWS OF MARYLAND
local development agencies and nonprofit organizations;
allowing the subordination of liens held by the
Administration in connection with public purpose projects;
clarifying the Administration's ability to provide financial
assistance for certain projects; eliminating obsolete
language dealing with the allocation of single-family,
tax-exempt revenue bonds; allowing for the use of
investments to finance the Administration's activities;
conforming State law with changes in federal statutes; and
generally relating to the Community Development
Administration and its ability to finance projects.
BY repealing
Article 41 - Governor - Executive and Administrative
Departments
Section 11-304(17)
Annotated Code of Maryland
(1986 Replacement Volume)
BY repealing and reenacting, with amendments,
Article 41 - Governor - Executive and Administrative
Departments
Section ll-301(b), 11-303, 11-304(6), (8), (13), (16)(i),
and (18), and ll-306(a) and (c)
Annotated Code of Maryland
(1986 Replacement Volume)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article 41 - Governor - Executive and Administrative
Departments
11-301.
(b) The Community Development Administration is hereby
created as a division of the principal Department of Economic and
Community Development to coordinate the various activities and
programs which may contribute to sound community development, to
encourage and facilitate the development of new and existing
communities by reducing the costs of development through grants
[and], loans, AND OTHER FORMS OF FINANCIAL ASSISTANCE, to
encourage and facilitate energy conservation and the utilization
of solar energy in housing and commercial buildings by providing
grants, loans, and other forms of financial assistance, making
available land for such development and by assisting the efforts
of private enterprise, municipalities, counties, local public
agencies [and], local development corporations, AND NONPROFIT
ORGANIZATIONS. Except for grants which may be awarded to the
Administration under federal law, including without limitation
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