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Martin O'Malley, Governor
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Ch. 481
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SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That Section(s) 4-235(b) through (g), respectively, of Article - Housing
and Community Development of the Annotated Code of Maryland be renumbered to be
Section(s) 4-235(c) through (h), respectively.
SECTION 2. AND BE IT FURTHER ENACTED, That the Laws of Maryland
read as follows:
Article - Housing and Community Development
4-235.
(B) THE ADMINISTRATION MAY MAKE, PARTICIPATE IN MAKING, AND
UNDERTAKE COMMITMENTS FOR RESIDENTIAL MORTGAGE LOANS TO FAMILIES
OF LIMITED INCOME A COMMITMENT FOR A RESIDENTIAL MORTGAGE LOAN TO A
FAMILY OF LIMITED INCOME:
(1) FOR A FAMILY THAT HAS A DISABLED FAMILY MEMBER WHO
WILL RESIDE IN THE DWELLING;
(2) FOR AN EMERGENCY HOUSING NEED AS DETERMINED BY THE
SECRETARY;
(3) FOR SETTLEMENT AND DOWN PAYMENT COSTS; OR
(4) THAT IS MADE IN CONJUNCTION WITH A LOAN FUNDED WITH
STATE APPROPRIATED FUNDS IF THE STATE APPROPRIATED FUNDED LOAN
COMPRISES AT LEAST 20% OF THE TOTAL AMOUNT LOANED.
SECTION 3. AND BE IT FURTHER ENACTED, That this Act shall take effect
October July 1, 2007.
Approved by the Governor, May 8, 2007.
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CHAPTER 482
(House Bill 1424)
AN ACT concerning
Maryland Military Department Center for Military History
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- 2793 -
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