WILLIAM DONALD SCHAEFER, Governor Ch. 220

and the bonds of the Authority issued under this subtitle, and
the interest thereon are forever exempt from all State,
municipal, and local taxation; provided however, that wherever
the Authority sells or leases land or [market and park] PROJECT
facilities to any private entity or entities such land or [market
and park] PROJECT facilities shall be subject to State and local
property taxes from the time of such sale.

13-117.

The Authority shall submit annually a written statement,
including a financial statement covering the operation of [the
market and the park] PROJECTS to the Governor and, subject to §
2-1312 of the State Government Article, to the General Assembly.

SECTION 2. AND BE IT FURTHER ENACTED, That any new project
proposed to the Authority prior to July 1, 1989 is not subject to
Legislative Policy Committee comment as provided in Section
13-105 of this Act.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect June 1, 1989.

SECTION 2 3. AND BE IT FURTHER ENACTED, That this Act is an
emergency measure, is necessary for the immediate preservation of
the public health and safety, has been passed by a yea and nay
vote supported by three-fifths of all the members elected to each
of the two Houses of the General Assembly, and shall take effect
from the date it is enacted.

Approved May 5, 1989.

CHAPTER 220

(House Bill 555)

AN ACT concerning

Maryland Home Financing Program - Group Home Financing Program -
Settlement Expense Loan Program

FOR the purpose of reorganizing, clarifying, and modifying
provisions relating to the Maryland Home Financing Program;
consolidating certain Department of Housing and Community
Development consumer lending activities within the Maryland
Home Financing Program; repealing the existing Home
Financing Program; repealing the Homeowners' Emergency

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