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Session Laws, 1989
Volume 771, Page 1766   View pdf image
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Ch. 96

LAWS OF MARYLAND

(I)  INSURED UNDER § 221(D)(3) OF THE NATIONAL
HOUSING ACT, AND ASSISTED:

1.  UNDER § 101 OF THE HOUSING AND URBAN
DEVELOPMENT ACT OF 1965; OR

2.  UNDER § 8 OF THE UNITED STATES HOUSING
ACT OF 1937;

(II)   INSURED UNDER § 221(D)(3) OF THE NATIONAL
HOUSING ACT AND BEARS INTEREST AT A RATE DETERMINED UNDER THE
PROVISIONS OF § 221(D)(5) OF THE NATIONAL HOUSING ACT;

(III)  INSURED OR ASSISTED UNDER § 202 OR §
236(A) OR (B) OF THE NATIONAL HOUSING ACT;

(IV)   INSURED OR ASSISTED UNDER § 515 OF THE
HOUSING ACT OF 1949; OR

(V)  HELD BY THE UNITED STATES DEPARTMENT OF
HOUSING AND URBAN DEVELOPMENT AND INSURED OR ASSISTED, OR
FORMERLY INSURED OR ASSISTED, UNDER A PROGRAM REFERRED TO IN
SUBPARAGRAPH (I), (II), (III), OR (IV) OF THIS PARAGRAPH;

(2)  (I) THE TERMINATION BEFORE EXPIRATION OF OR
FAILURE TO EXERCISE ANY STATED RENEWAL OPTION UNDER ANY AGREEMENT
PROVIDING FOR PROJECT-BASED § 8 RENTAL ASSISTANCE TO ANY UNITS IN
AN ASSISTED PROJECT; OR

(II) THE EXPIRATION, INCLUDING ANY FAILURE TO
EXTEND FOLLOWING THE EXPIRATION, OF ANY AGREEMENT PROVIDING FOR
PROJECT-BASED § 8 RENTAL ASSISTANCE TO ANY UNITS IN AN ASSISTED
PROJECT; OR

(3)  THE SALE OR CONVEYANCE OF AN ASSISTED PROJECT BY
THE OWNER IN CONNECTION WITH CONJUNCTION WITH OR WITHIN 1 YEAR
FOLLOWING THE EFFECTIVE DATE OF ANY OF THE EVENTS DESCRIBED IN
SUBPARAGRAPHS (B)(1) OR (2) OF THIS SECTION. PARAGRAPH (1) OR
PARAGRAPH (2) OF THIS SUBSECTION.

9-103.

(A)  (1) NOT LESS THAN 1 YEAR AND NOT MORE THAN 2 YEARS
BEFORE THE EFFECTIVE DATE OF ANY PROTECTED ACTION, THE OWNER OF
AN ASSISTED PROJECT SHALL GIVE A WRITTEN NOTICE OF INTENT IN
ACCORDANCE WITH THE PROVISIONS OF THIS SECTION.

(2) EXCEPT FOR A PROTECTED ACTION UNDER § 9-102(B)(2)
OF THIS TITLE, THE NOTICE OF INTENT MAY NOT BE GIVEN BEFORE
JANUARY 1, 1990.

(B)  A NOTICE OF INTENT AS REQUIRED BY SUBSECTION (A) OF
THIS SECTION SHALL BE GIVEN TO EACH OF THE FOLLOWING:

- 1766 -

 

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Session Laws, 1989
Volume 771, Page 1766   View pdf image
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