Ch. 129                                    1994 LAWS OF MARYLAND

2-205.

(b) (1) The Administration shall be required to obtain approval of the land use
for a community development PROJECT by resolution of the appropriate local governing
body of the locality in which the development is situated before acquiring by grant, gift,
purchase, or otherwise real property, which is not open, predominantly open, or
undeveloped land, personal property or mixed property and owning, holding, clearing,
improving, constructing, or rehabilitating, and selling, assigning, transferring, leasing,
mortgaging, or otherwise disposing of same or any combination of the foregoing. The
Administration shall also be required to obtain such approval from the appropriate local
governing body before building or constructing housing on any real property.

(2) NOTWITHSTANDING THE PROVISIONS OF PARAGRAPH (1) OF THIS
SUBSECTION, ALL PROJECTS FINANCED BY THE ADMINISTRATION ARE SUBJECT TO
ALL APPLICABLE ZONING AND BUILDING CODES.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
October 1, 1994.

Approved May 2, 1994.

CHAPTER 129
(Senate Bill 91)

AN ACT concerning

Department of Housing and Community Development - Community Development
Administration - Mortgage Loan Purchases

FOR the purpose of altering the statistical basis for determining the maximum loan
amount for mortgages purchased from mortgage lenders by the Community
Development Administration; and generally relating to mortgage purchases and
loans to mortgage lenders by the Community Development Administration.

BY repealing and reenacting, with amendments,

Article 83B - Department of Housing and Community Development

Section 2-208(c)

Annotated Code of Maryland

(1991 Replacement Volume and 1993 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article 83B - Department of Housing and Community Development

2-208.

(c) A commitment that the Administration makes to purchase new mortgage
loans shall:

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