reglab/housing_qa huggingface dataset:
MD. Education Code Ann. §  24-518 (2021)
2021 Maryland Statutes|Education|Division IV - Other Education Provisions|Title 24 - Miscellaneous Education Agencies|Subtitle 5 - Historic St. Mary's City Commission|Part IV - Revenue Bonds|Section 24-518 - Bond Issue; When Payable

    The bonds that the Commission issues shall:         (1)    Be issued at, above, or below par value, for cash or other valuable consideration, and mature at a time or times, whether as serial bonds or as term bonds or both, not exceeding 30 years from their respective dates of issue;        (2)    Bear interest at the fixed or variable rate or rates determined by the method provided in the resolution or trust agreement;        (3)    Be payable at a time or times, in the denominations and form, either coupon or registered or both, and carry the registration and privileges as to conversion and for the replacement of mutilated, lost, or destroyed bonds as the resolution or trust agreement may provide;        (4)    Notwithstanding any other law, be deemed a “security” within the meaning of § 8-102 of the Commercial Law Article, whether or not it is either one of a class or a series or by its terms is divisible into a class or series of instruments and negotiable for all purposes although payable from a limited source;        (5)    Be payable in lawful money of the United States at a designated place;        (6)    Be subject to the terms of purchase, payment, redemption, refunding, or refinancing that the resolution or trust agreement provides;        (7)    Be executed by the manual or facsimile signatures of the officers of the Commission designated by the Commission, which signatures shall be valid at delivery even for an officer who has ceased to hold office; and        (8)    Be sold in the manner and on the terms determined by the Commission, including private or negotiated sale and be exempt from §§ 8-206, 8-208, 8-209, and 8-213 through 8-221 of the State Finance and Procurement Article.
MD. Education Code Ann. §  24-519 (2021)
2021 Maryland Statutes|Education|Division IV - Other Education Provisions|Title 24 - Miscellaneous Education Agencies|Subtitle 5 - Historic St. Mary's City Commission|Part IV - Revenue Bonds|Section 24-519 - Resolution or Trust Agreements

    (a)    Any resolution or trust agreement the Commission adopts or enters into under this subtitle may contain provisions that:        (1)    Pledge, assign, or direct the use, investment, or disposition of all or a portion of the receipts of the Commission or all or a portion of the proceeds or benefits of any contract and convey or otherwise secure any property or property rights;        (2)    Set aside loan funding deposits, debt service reserves, capitalized interest accounts, cost of issuance accounts, sinking funds, and other funds and accounts, and regulate, invest, and dispose of these deposits, reserves, accounts, and funds;        (3)    Limit the purpose to which or the investments in which the proceeds of sale of any issue of bonds may be applied and restrict the investment of revenues or bond proceeds as deemed necessary, which may include limiting investments to government obligations for which principal and interest are unconditionally guaranteed by the United States;        (4)    Limit the issuance of additional bonds and specify the terms on which additional bonds may be issued, secured, and rank on parity with, or be subordinate or superior to, other bonds;        (5)    Refund or refinance outstanding bonds;        (6)    Establish any procedure concerning the manner in which the terms of any contract with bondholders may be altered or amended, the amount of bonds to which the holders must consent, and the manner in which the holders must consent;        (7)    Define the acts or omissions that constitute a default in the duties of the Commission to holders of bonds and provide the rights and remedies of the holders in the event of a default, which may include provisions that restrict individual right of action by bondholders;        (8)    Provide for guarantees, pledges of property, purchases or sales of property, leasing, leasing back or subleasing of property, the assignment of any pledges, purchase, sale, lease or sublease agreements, letters of credit or other security, or insurance for the benefit of bondholders; and        (9)    Provide for any other matter relating to the bonds that the Commission deems appropriate.    (b)    Any provisions under subsection (a) of this section that the Commission includes in a resolution or trust agreement may be made part of the contract with the holders of the bonds.
MD. Education Code Ann. §  24-520 (2021)
2021 Maryland Statutes|Education|Division IV - Other Education Provisions|Title 24 - Miscellaneous Education Agencies|Subtitle 5 - Historic St. Mary's City Commission|Part IV - Revenue Bonds|Section 24-520 - Pledge of Revenues as Security

    (a)    A pledge by the Commission of revenues as security for an issue of bonds shall be valid and binding from the time when the documents evidencing the pledge are executed by the Commission.    (b)    (1)    The revenues that the Commission pledges may be made immediately subject to the lien of the pledge without any physical delivery or further act.        (2)    The lien of any pledge of revenue is valid and binding against any person who has any claim in tort, contract, or otherwise against the Commission, whether or not the person has notice.    (c)    In order to perfect the lien on the revenue pledged by the Commission against third persons, a resolution, trust agreement or financing statement, continuation statement, or other instrument that the Commission adopts or enters into need not be filed or recorded in any public record other than the records of the Commission.
MD. Education Code Ann. §  24-521 (2021)
2021 Maryland Statutes|Education|Division IV - Other Education Provisions|Title 24 - Miscellaneous Education Agencies|Subtitle 5 - Historic St. Mary's City Commission|Part IV - Revenue Bonds|Section 24-521 - Liability; Protection and Enforcement of Rights

    (a)    A member of the Commission, or any person executing the bonds, is not liable personally on the bonds or subject to any personal liability by reason of the issuance of the bonds.    (b)    Except as otherwise provided by an applicable resolution or trust agreement, a holder of bonds issued under this subtitle, or a trustee acting under a trust agreement entered into under this subtitle, may, by any suitable form of legal proceedings, protect and enforce any rights granted under the laws of this State or by any applicable resolution or trust agreement.
MD. Education Code Ann. §  24-522 (2021)
2021 Maryland Statutes|Education|Division IV - Other Education Provisions|Title 24 - Miscellaneous Education Agencies|Subtitle 5 - Historic St. Mary's City Commission|Part IV - Revenue Bonds|Section 24-522 - Refunding Bonds

    (a)    The Commission may issue bonds to refund any of its bonds then outstanding, including the payment of any redemption premium and any interest accrued or to accrue to the earliest or any subsequent date of redemption, purchase, or maturity of the bonds.    (b)    Refunding bonds may be issued:        (1)    (i)    For the public purposes of realizing savings in the effective costs of debt service, directly or through a debt restructuring; or            (ii)    For alleviating impending or actual default; and        (2)    In one or more series in an amount in excess of that of the bonds to be refunded.
MD. Education Code Ann. §  24-523 (2021)
2021 Maryland Statutes|Education|Division IV - Other Education Provisions|Title 24 - Miscellaneous Education Agencies|Subtitle 5 - Historic St. Mary's City Commission|Part IV - Revenue Bonds|Section 24-523 - Enhancing Marketability of Bonds

    (a)    The Commission may enter into agreements with agents, banks, insurers, or others for the purpose of enhancing the marketability of, or as a security for, its bonds.    (b)    Any financial institution, investment company, insurance company or association, and any personal representative, guardian, trustee, or other fiduciary, may legally invest any money belonging to them or within their control in any bonds issued by the Commission.
MD. Education Code Ann. §  24-524 (2021)
2021 Maryland Statutes|Education|Division IV - Other Education Provisions|Title 24 - Miscellaneous Education Agencies|Subtitle 5 - Historic St. Mary's City Commission|Part IV - Revenue Bonds|Section 24-524 - Exemption From Taxation

    (a)    The bonds of the Commission, their transfer, the interest payable on them, and any income derived from them, including any profit realized in their sale or exchange, are exempt at all times from every kind of taxation by this State or by any of its political subdivisions, municipal corporations, or public agencies.    (b)    (1)    Subject to paragraph (2) of this subsection, the bonds of the Commission may be, but are not required to be, issued in conformance with any applicable provisions of the Internal Revenue Code of the United States in order that the interest payable thereon shall be excludable from federal gross income.        (2)    The Commission may not issue tax–exempt private activity bonds that require a volume cap allocation under provisions of the Internal Revenue Code.
MD. Education Code Ann. §  24-525 (2021)
2021 Maryland Statutes|Education|Division IV - Other Education Provisions|Title 24 - Miscellaneous Education Agencies|Subtitle 5 - Historic St. Mary's City Commission|Part V - Miscellaneous|Section 24-525 - Construction; Short Title

    (a)    This subtitle shall be liberally construed to effect its purposes.    (b)    This subtitle may be cited as the “Historic St. Mary’s City Commission Act”.
MD. Housing and Community Development Code Ann. §  4-202 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 4 - Division of Development Finance|Subtitle 2 - Community Development Administration|Part I - Definitions; General Provisions|Section 4-202 - Findings

    The General Assembly finds that:         (1)    in this era of rapid population growth and expansion and of increasing urbanization, there is a need in many areas of the State to promote sound community development;        (2)    the political subdivisions do not have adequate resources to deal effectively with all of the problems of sound community development, and the ordinary operations of private enterprise cannot deal with them without State assistance;        (3)    there is a need to coordinate and concentrate federal, State, regional, and local public and private community development efforts and resources;        (4)    there is a shortage of adequate, safe, and sanitary housing for families of limited income, and increasing the housing supply for families of limited income will ease the shortage and promote sound community development;        (5)    increasing opportunities for homeownership is desirable and promotes sound community development;        (6)    reducing energy consumption and increasing the use of solar energy by providing financial assistance to encourage energy conservation and solar energy improvements to residential buildings and commercial buildings promote sound community development and the public interest;        (7)    the public infrastructure maintained by political subdivisions, including streets, sidewalks, curbs, sewer and water systems, bridges, and public buildings, needs rehabilitation and construction;        (8)    the resources necessary for financing infrastructure projects have become scarcer in recent years;        (9)    providing an additional, accessible, and uncomplicated mechanism to finance infrastructure projects promotes sound community development, is vital to a strong economy, improves the quality of the environment, and otherwise promotes the health, safety, and welfare of the residents of the State;        (10)    promoting sound community development is a proper public purpose and State use, for which public money may be spent and property may be acquired; and        (11)    the functions and responsibilities of the Administration set forth in this subtitle are necessary to achieve the ends listed in this section.
MD. Housing and Community Development Code Ann. §  4-203 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 4 - Division of Development Finance|Subtitle 2 - Community Development Administration|Part I - Definitions; General Provisions|Section 4-203 - Program for Teachers

    (a)    To attract and retain teachers in the State by increasing homeownership opportunities, the General Assembly finds that there is a need to authorize the Department to develop a program to dedicate up to $25,000,000 over 5 years to provide mortgage loans to teachers at interest rates below the prevailing interest rate for similar programs.    (b)    (1)    A mortgage loan under this section shall be available to a teacher who is a first–time home buyer.        (2)    The loan shall be conditioned on an agreement by the teacher to teach in the State for at least 3 years if work is available for the teacher.        (3)    The loan shall be used to purchase property in a priority funding area as defined in §§ 5–7B–02 and 5–7B–03 of the State Finance and Procurement Article.    (c)    The Administration shall develop the program in consultation with:        (1)    the State Department of Education, to ensure that the program is consistent with the State’s strategy to attract and retain teachers; and        (2)    local boards of education, to ensure that the program is properly marketed.
MD. Housing and Community Development Code Ann. §  4-204 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 4 - Division of Development Finance|Subtitle 2 - Community Development Administration|Part I - Definitions; General Provisions|Section 4-204 - Established

    There is a Community Development Administration.
MD. Housing and Community Development Code Ann. §  4-205 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 4 - Division of Development Finance|Subtitle 2 - Community Development Administration|Part I - Definitions; General Provisions|Section 4-205 - Purpose of Administration

    The Administration is created to:         (1)    coordinate activities and programs that contribute to sound community development;        (2)    encourage and facilitate the development of new and existing communities by reducing the costs of development through grants, loans, and other forms of financial assistance;        (3)    encourage and facilitate energy conservation and the use of solar energy in residential buildings and commercial buildings through grants, loans, and other forms of financial assistance;        (4)    make land available for sound community development; and        (5)    assist the efforts of private enterprise, political subdivisions, local public agencies, local development entities, and nonprofit organizations.
MD. Housing and Community Development Code Ann. §  4-206 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 4 - Division of Development Finance|Subtitle 2 - Community Development Administration|Part I - Definitions; General Provisions|Section 4-206 - Limitation on Grants

    (a)    Except as provided in subsection (b) of this section, a grant of land or money may be made only to a political subdivision, a local development entity, a local development agency, or a nonprofit organization.    (b)    (1)    This section does not apply to grants that may be awarded to the Administration under federal law.        (2)    The Administration may award grants to home buyers for settlement expenses as provided by the Department under this title.        (3)    The Administration may award grants under § 4–235(b)(1)(ii) of this subtitle.
MD. Housing and Community Development Code Ann. §  4-207 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 4 - Division of Development Finance|Subtitle 2 - Community Development Administration|Part I - Definitions; General Provisions|Section 4-207 - Director

    (a)    With the approval of the Governor, the Secretary shall appoint the Director.    (b)    The Director serves at the pleasure of the Secretary.    (c)    The position of Director is in the executive service or management service of the State Personnel Management System.    (d)    The Director shall operate and exercise the powers of the Administration under the direction of the Secretary and in accordance with this subtitle.    (e)    The Director is entitled to:        (1)    compensation as provided in the State budget; and        (2)    reimbursement for expenses under the Standard State Travel Regulations as provided in the State budget.    (f)    The Director shall have a staff and professional consultants as provided in the State budget.
MD. Housing and Community Development Code Ann. §  4-208 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 4 - Division of Development Finance|Subtitle 2 - Community Development Administration|Part I - Definitions; General Provisions|Section 4-208 - Housing Finance Review Committee

    (a)    There is a Housing Finance Review Committee.    (b)    The Housing Finance Review Committee consists of seven members appointed by the Governor on recommendation of the Secretary as follows:        (1)    three employees of the Department, one of whom may be the Secretary;        (2)    one employee of the Executive Branch of State government who is not employed by the Department; and        (3)    three members of the public.    (c)    (1)    The term of a public member is 4 years and begins on July 1.        (2)    At the end of a term, a public member continues to serve until a successor is appointed and qualifies.        (3)    A public member who is appointed after a term has begun serves only for the rest of the term and until a successor is appointed and qualifies.    (d)    (1)    The Housing Finance Review Committee shall review and make recommendations to the Secretary about:            (i)    specific loan requests or categories of loan requests; and            (ii)    the investment and project financing policies of the Administration.        (2)    The Secretary may approve a specific loan request without a recommendation of the Housing Finance Review Committee if the request requires urgent action.
MD. Housing and Community Development Code Ann. §  4-212 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 4 - Division of Development Finance|Subtitle 2 - Community Development Administration|Part II - Powers and Duties of Administration|Section 4-212 - Determination of Families of Limited Income

    (a)    In establishing the upper income limits for a family of limited income, the Secretary shall consider factors including:        (1)    the income of the family available for housing;        (2)    the size of the family;        (3)    the cost and condition of available housing;        (4)    the ability of the family to compete in the private housing market; and        (5)    standards and definitions established for federal housing programs.    (b)    The limits established under subsection (a) of this section may vary for different:        (1)    types of housing;        (2)    programs of the Administration; and        (3)    areas of the State.    (c)    A limit established under subsection (a) of this section may be supplemented for a particular project.
MD. Housing and Community Development Code Ann. §  4-214 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 4 - Division of Development Finance|Subtitle 2 - Community Development Administration|Part II - Powers and Duties of Administration|Section 4-214 - Eminent Domain

    The Administration has the power of eminent domain, but may not exercise it in a political subdivision without the consent of the political subdivision given by ordinance of its governing body for a specific community development project.
MD. Housing and Community Development Code Ann. §  4-215 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 4 - Division of Development Finance|Subtitle 2 - Community Development Administration|Part II - Powers and Duties of Administration|Section 4-215 - "Live Near Your Work" Program

    (a)    The Administration shall administer a home buyer assistance program that:        (1)    assists home buyers to receive low–interest mortgage loans, with down payment and closing cost assistance options, for the purchase of homes near their place of employment; and        (2)    coordinates with, and matches where appropriate, similar programs offered by private employers and county and municipal governments so as to maximize the total amount that home buyers can receive under the program.    (b)    With reference to loans under this program, the Administration shall:        (1)    allow home buyers to utilize the loans for the purchase of newly constructed or existing homes; and        (2)    require a home purchased under this program to be occupied by the home buyer as a principal residence.    (c)    The Administration shall facilitate the marketing of the program with private employers and county and municipal governments, and, where appropriate, other units of State government and nonprofit organizations.    (d)    The Administration shall adopt regulations to implement the program established under this section.    (e)    The Department shall report to the General Assembly on or before December 31 each year, in accordance with § 2–1257 of the State Government Article, on the program established under this section.
MD. Housing and Community Development Code Ann. §  4-216 (2021)
2021 Maryland Statutes|Housing and Community Development|Division I - Housing and Community Programs|Title 4 - Division of Development Finance|Subtitle 2 - Community Development Administration|Part II - Powers and Duties of Administration|Section 4-216 - Shelter and Transitional Housing Facilities Grant Program

    For fiscal year 2018 and each fiscal year thereafter, the Governor shall include in the annual budget bill or the capital budget bill an appropriation of $3,000,000 from general funds or the proceeds from the sale of State general obligation bonds for the Shelter and Transitional Housing Facilities Grant Program.