Ch. 220                                           LAWS OF MARYLAND

[(d) "Fund" means the Settlement Expense Loan Fund.]

[(e)] (D) "Loan" means a loan of money made by the
Department under this subtitle.

[(f)] (E) "Personal circumstances" means:

(1)  The separation or divorce of the joint tenants;
or

(2)  The death of one of the joint tenants.

[(g)] (F) "Program" means the Settlement Expense Loan
Program.

2-1006.

[(a) (1) There is a Settlement Expense Loan Fund.]

(A) THE PROGRAM SHALL BE OPERATED WITH MONEYS IN THE
HOMEOWNERSHIP PROGRAMS FUND, WHICH FUND SHALL BE A CONTINUING,
NONLAPSING FUND CONSISTING OF:

(1)  MONEYS APPROPRIATED BY THE STATE FOR
HOMEOWNERSHIP PROGRAMS, INCLUDING THE MARYLAND HOME FINANCING
PROGRAM AUTHORIZED BY SUBTITLE 6 OF THIS TITLE AND THE SETTLEMENT
EXPENSE LOAN PROGRAM AUTHORIZED BY THIS SUBTITLE;

(2)  REPAYMENTS AND PREPAYMENTS OF LOANS MADE UNDER
SUCH PROGRAMS, BOTH PRIOR TO AND AFTER JULY 1, 1989;

(3)  MONEYS TRANSFERRED TO THE FUND IN ACCORDANCE WITH
§§ 2-313(K) 2-313(H) 2-313(J), 2-505(D), 2-708(D), AND 2-805(D)
OF THIS TITLE; AND

(4)  ALL OTHER MONEYS REFERRED TO IN § 2-608 2-613(A)
OF THIS TITLE WHICH ARE NOT OTHERWISE SET FORTH IN THIS
SUBSECTION.

[(2) The Fund shall be a continuing, nonlapsing,
special fund, that consists of repayments of principal and
interest on the loans and of moneys appropriated by the State to
the Fund.]

[(3)] (B) Moneys appropriated by the State [to the
Fund] FOR THE PROGRAM may be appropriated only up to and
including Fiscal Year 1993.

[(b)] (C) [(1)] The Department shall use the HOMEOWNERSHIP
PROGRAMS Fund to make loans and to pay expenses of the Program.

- 2150 -