S.B. 810                                                  VETOES

(e) A loan may be made under this section to acquire railroad property or
rights-of-way, up to 100 percent of the cost of acquisition. The contents of the
application set forth in subsection (a) of this section and the factors to be considered by
the Secretary set forth in subsection (b) of this section, to the extent applicable, apply to
railroad property or rights-of-way, particularly the need for rail service to support
existing or potential industry, commerce, or agriculture, and the need for acquisition to
avoid the effects of discontinuance of service or abandonment of railroad use. References
to land shall, for the purposes of this subsection, refer to the railroad property or
rights-of-way to be acquired.

[5-405.] 5-705.

(a)     Any political subdivision of the State may apply to the Secretary for a loan to
finance, with respect to an industrial park project described in the application, any one or
more of the following industrial park project costs:

(1)     Planning and/or engineering study costs;

(2)     Land acquisition;

(3)     Water distribution, sewer collection and other utility lines, unless and
except to the extent that any such costs are or will be borne by a public utility;

(4)     Access and internal roads;

(5)     Street lighting;

(6)     Installation of rail spurs, unless and except to the extent that any such
costs are or will be borne by a railroad;

(7)     Costs unique to a specialized industrial park, including, without
limitation, items such as bulkheading, docks and aircraft runways or aprons;

(8)     Site preparation, such as clearing and grading;

(9)     Rehabilitation of existing buildings to make them suitable for
manufacturing, assembly, fabricating, processing, warehousing, research and
development, or office use. Such buildings may be intended for multitenant or single
tenant occupancy;

(10)   Demolition, provided that it is done in conjunction with new
construction financed under this subtitle; and

(11)   For a vertical industrial park, which is a structure suited for multitenant,
primarily industrial use, new construction.

(b)     The application shall describe the project in such manner and detail as the
Secretary may, by regulation, determine and shall include, without limitation, the data set
forth in [§ 5-404(a)] § 5-704(A) of this subtitle as the same related to the project as well
as a complete breakdown of the anticipated cost of the project.

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