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EXECUTIVE ORDERS
advance the State Goals described in Section B(1)(D)
[2(a)(4)] below.
(D) [(4)] The goals to be advanced by the issuance
of Private Activity Bonds requiring allocations are:
(I) [(A)] Increasing the supply, quality and
geographic distribution of housing for low-income persons;
(II) [(B)] Expanding opportunities for
homeownership;
(III) [(C)] Creating significant job
opportunities;
(IV) [(D)] Locating job creating facilities
in enterprise zones or areas of high unemployment, urban
redevelopment, or planned unit development;
(V) [(E)] Reducing, recycling, or treating
solid or hazardous wastes;
(VI) [(F)] Assisting in the expansion or
modernizing of existing Maryland industry and the attraction
of new and diverse firms to this State;
(VII) [(G)] Promoting the health, safety,
education or welfare of the citizens of the State; and
(VIII) [(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, ("Minority Business
Enterprises) as borrower, lessee or as a contractor or
subcontractor for construction, services, or supplies.
(E) [(5)] (I) [(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
B(4)(D)(I)-(VIII) [2(d)(4)(A)-(H)] above.
(II) [(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 147(f) of the
Code, 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, or other approval from
appropriate State or local agencies.
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