PARRIS N. GLENDENING, Governor                                 Ch. 115

(III) FORECLOSE A MORTGAGE;

(IV) ACQUIRE PROPERTY SECURING A LOAN IN DEFAULT; OR

(V) ENCUMBER, SELL, OR OTHERWISE DISPOSE OF PROPERTY
ACQUIRED IN CONNECTION WITH A LOAN IN DEFAULT.

(E) NOTWITHSTANDING THE PROVISIONS OF TITLES 10 THROUGH 17 OF THE
STATE FINANCE AND PROCUREMENT ARTICLE, FOLLOWING A DEFAULT ON ANY
OBLIGATIONS INCURRED IN CONNECTION WITH FINANCIAL ASSISTANCE PROVIDED
UNDER THIS TITLE, THE DEPARTMENT MAY DIRECTLY OR INDIRECTLY BY
CONTRACTING WITH THIRD PARTIES;

(1)     ACQUIRE;

(2)      HOLD;
(3)     IMPROVE;

(4)      OPERATE AND MANAGE;
(5)     SELL;

(6)     ASSIGN;

(7) EXCHANGE;

(8)      TRANSFER;

(9)      CONVEY;
(10)   LEASE;

(11) MORTGAGE; OR

(12) OTHERWISE DISPOSE OF OR ENCUMBER:

(I) REAL PROPERTY OR ANY INTEREST THEREIN;

(II) PERSONAL PROPERTY OR ANY INTEREST THEREIN; OR

(III) ANY EVIDENCE OF INDEBTEDNESS.

2-1307.

(A) THE PROGRAM SHALL BE OPERATED WITH MONEYS IN THE
NEIGHBORHOOD BUSINESS DEVELOPMENT FUND, WHICH FUND SHALL BE A
CONTINUING, NONLAPSING SPECIAL FUND CONSISTING OF:

(1)      MONEYS APPROPRIATED BY THE STATE FOR THE NEIGHBORHOOD
BUSINESS DEVELOPMENT PROGRAM;

(2)      ANY REPAYMENT OR PREPAYMENT OF FINANCIAL ASSISTANCE
MADE FROM THE FUND ESTABLISHED UNDER SUBTITLE 6, TITLE 4 OF THIS ARTICLE;
AND

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