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Session Laws, 1987
Volume 769, Page 3852   View pdf image
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EXECUTIVE ORDERS

[(D)] (F) Assisting in the expansion or
modernizing of existing Maryland industry
and the attraction of new and diverse
firms to this State;

[(E)] (G) Promoting the health, safety,
education or welfare of the citizens of
the State; and

[(F)] (H) Providing opportunities for minority
business enterprises, as defined in
Section 18-601 of the State Finance and
Procurement Article of the Annotated Code
of Maryland, as amended, as borrower,
lessee or as a contractor or
subcontractor for construction, services,
or supplies.

(5) (A) In its application for an allocation, an
Issuer shall justify its request for an
allocation by describing how the Project
would be expected to advance one or more
of the goals specified in Section
2(d)(4)(A)-(F) above.

(B) Any State or Local Issuer requesting a
portion of the Secretary's Reserve
pursuant to this Section shall provide
the Secretary with any evidence that the
Secretary requires to support such
justification and any other information
that the Secretary deems necessary such
as public approval pursuant to Section
[146(f)] 147(f) of H.R. 3838, evidence of
community support, and evidence of
readiness to proceed such as a financing
plan, a feasibility study of the Project,
a commitment for credit enhancement,
zoning and land use approval,
certification of need or other approval
from appropriate State or local agencies.

Section 3. Dollar Amount of Allocation.

(a)  The actual dollar amount of all allocations shall be
determined by the Secretary.

(b)  The actual dollar amount of the initial allocations
provided by Section 2(a), (b) and (c) above will be
announced on or before 30 days from the date hereof.

(e) The amount of any bonds requiring an allocation
issued by an Issuer described in Section 2(a) and

3852

 

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Session Laws, 1987
Volume 769, Page 3852   View pdf image
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