Ch. 94                                     1995 LAWS OF MARYLAND

(i) Contract[, in conformance with the State law governing
procurement,] with private parties for services to secure, maintain, operate, or improve
such property in anticipation of disposition of the property, WITHOUT ANY
REQUIREMENT THAT THE CONTRACT COMPLY WITH THE PROVISIONS OF DIVISION
II OF THE STATE FINANCE AND PROCUREMENT ARTICLE; or

(ii) Make a mortgage loan to assist in the disposition of the property.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
October 1, 1995.

Approved April 11, 1995.

CHAPTER 94
(House Bill 1036)

AN ACT concerning

Department of Housing and Community Development - Security for Loans

FOR the purpose of clarifying the extent of security required for mortgages for rental
housing loans; and generally relating to the Maryland Housing Rehabilitation
Program and the Rental Housing Production Program in the Department of
Housing and Community Development.

BY repealing and reenacting, with amendments,                                     

Article 83B - Department of Housing and Community Development
Section 2-303 and 2-506

Annotated Code of Maryland                                                                     

(1991 Replacement Volume and 1994 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

2-303.

(a)     There is a Maryland Housing Rehabilitation Program. Loans made under this
section for rehabilitation of buildings providing more than 4 dwelling units or serving
nonresidential needs and loans to nonprofit sponsors under § 2-305 of this subtitle may
be known as the Multi-Family Rehabilitation Program. Loans, except special loans, made
under this Program for rehabilitation of residential buildings providing 4 or less dwelling
units may be known as the Regular Rehabilitation Program. Special loans made under
one of the special loan programs may be known as the Special Rehabilitation Program.

(b)     The Department shall operate the Program, and make rehabilitation loans
under the provisions of this section.

- 1432 -