SECTION 3. AND BE IT FURTHER ENACTED, That there is a task force
composed of representatives of the Office of the Comptroller, the Office of the
Attorney General, and the Department of Business and Economic Development
appointed by the Comptroller, the Attorney General, and the Secretary of the
Department of Business and Economic Development, respectively, to examine the
possibility of crafting tax-credits based on residency in the State's enterprise zones
and to report its findings to the Governor and, in accordance with § 2-1246 of the
State Government Article, the General Assembly on or before December 1, 1999.
SECTION 2. 4. 3. AND BE IT FURTHER ENACTED, That the changes to §
10-702 of the Tax - General Article under this Act shall be applicable to all taxable
years beginning after December 31, 1998.
SECTION 3. 5. 4. AND BE IT FURTHER ENACTED, That this Act shall take
effect October 1, 1999.
Approved May 13, 1999.
CHAPTER 468
(House Bill 878)
AN ACT concerning
Assistive Technology Guaranteed Loan Program and Fund
FOR the purpose of providing for creating an Assistive Technology Guaranteed Loan
Fund as a continuing, nonlapsing fund in the Office for Individuals with
Disabilities; establishing an Assistive Technology Guaranteed Loan Program;
establishing a Board of Directors of the Program; providing for membership of
the Board; providing that the Fund be used to guarantee loans and subsidies for
loan interest for certain assistive technology; providing that the Fund operate as
a nonlapsing revolving fund; providing that the Fund be established as a
program of the Office of for Individuals with Disabilities; providing for the terms
of the guarantees of loans and the subsidies of loan interest; providing for
funding; requiring the Fund to deposit or invest moneys in a certain manner
authorizing the use of moneys in the Fund for certain purposes subject to certain
requirements and restrictions; authorizing the Board to guarantee certain loans
and provide certain subsidies of loan interest; authorizing the Board to enter into
certain agreements with certain borrowers; authorizing the Board and certain
lenders to jointly determine the terms of certain guarantees of loans and
subsidies of loan interest; requiring certain reports; defining a certain term
terms; and generally relating to the Assistive Technology Guaranteed Loan
Program and Fund.
BY adding to
Article 41 - Governor - Executive and Administrative Departments
Section 14-901 through 14-915 14-914, inclusive, to be under the new-subtitle
"Subtitle 9. Assistive Technology Guaranteed Loan Fund."
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