WILLIAM DONALD SCHAEFER, Governor

Ch. 6

(3)  Contract for services relating to any aspect of
the operation of the program in accordance with the procedures
required by law for State contracts;

(4)  Charge and collect reasonable application and
processing fees, and other charges, fees, or reimbursements
incidental to loans; AND

(5)  Adopt, and amend from time to time, in accordance
with statutory requirements, regulations governing all aspects of
the operation of the program.

DRAFTER'S NOTE:

Error: Omitted conjunction in Article 41B, §
2-311(4).

Occurred: Ch. 257, Acts of 1975.

2-313.

(c) The State Treasurer shall hold and the State
Comptroller shall account for the fund. The fund shall be
invested and reinvested in the same manner as other State funds.
Any investment earnings of the fund shall be paid into the [the]
fund.

DRAFTER'S NOTE:

Error: Redundant word in Article 41B, § 2-313(c).

Occurred: Ch. 739, Acts of 1987.

[2-204.] 2-404.

In order to better accomplish the foregoing purposes, in
addition to whatever other powers it may have and notwithstanding
any limitation of law, any county may borrow money by issuing
revenue bonds, notes, or other evidences of obligation for the
purpose of making funds available. These funds shall be made
available only through mortgage lending institutions, by forward
commitment mortgage purchase, existing mortgage purchase, loans
to lenders, revolving mortgage fund, or otherwise in any manner
deemed appropriate by the legislative body for residential
mortgage loans to low and moderate income persons and families,
and, in connection with any program, may collect from a borrower
participating in the program participation charges deemed
necessary or appropriate by the legislative body to cover the
loan processing, loan administration, mortgage insurance, and
other costs and expenses of the program.

DRAFTER'S NOTE:

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