ROBERT L. EHRLICH, JR., Governor                            S.B. 618

(III) LOCATED IN OTHERWISE STABLE NEIGHBORHOODS.

(M) "PRIORITY FUNDING AREA" MEANS AN AREA DESIGNATED AS A PRIORITY
FUNDING AREA UNDER § 5-7B-02 OF THE STATE FINANCE AND PROCUREMENT
ARTICLE.

[(1)] (N) "Program" means the Community Legacy Program established by
this subtitle.

[(m)] (0) "Sponsor" [means a local government, group of local governments,
or community development organization] MEANS:

(1)      A LOCAL GOVERNMENT;

(2)      A GROUP OF LOCAL GOVERNMENTS;

(3)      A COMMUNITY DEVELOPMENT ORGANIZATION; OR

(4)      A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION.
4-806.

(a)     The Board shall:

(1)     Review applications and may request additional information from a
sponsor;

(2)     Accept public input on applications;

(3)     Submit applications to appropriate State agencies and consider any
recommendations made regarding the applications;

(4)     Consider geographical balance when approving an application;

(5)      GIVE PRIORITY IN AWARDING FINANCIAL ASSISTANCE TO
APPLICATIONS THAT PROVIDE FOR THE LIKELY REPAYMENT OF THE FINANCIAL
ASSISTANCE TO A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION OR TO THE
COMMUNITY LEGACY FINANCIAL ASSISTANCE FUND; and

[(5)] (6) Refer all approved applications to the Secretary.

(b)     (1) The Board may not approve an application unless the sponsor obtains
a resolution [of] FROM A local government approving an application.

(2) (i) If an application affects a community legacy area located
entirely within a municipal corporation, the approval shall come from the municipal
corporation rather than the surrounding county.

(ii) If [a community legacy plan] AN APPLICATION affects
community legacy areas within the territory of more than one local government, the
sponsor shall obtain a resolution from each local government in which the community
legacy area is located.

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