(a) A program may provide for loan agreements, security agreements, loan servicing agreements, forms of mortgages, notes and deeds of trust, and other security, documents, agreements, provisions, and other matters as the covered county may find appropriate to implement the financing of the program.
(b) A transaction under this subtitle is not a capital project within the meaning of a charter or statutory provision.
(c) A transaction under this subtitle shall be authorized by ordinance or resolution without a referendum or other procedure not applicable to all ordinances or resolutions enacted in the covered county.
Structure Maryland Statutes
Housing and Community Development
Division I - Housing and Community Programs
Title 4 - Division of Development Finance
Subtitle 16 - Residential Mortgage Programs for Certain Counties
Section 4-1603 - Purposes of Subtitle
Section 4-1604 - Power of Covered County to Borrow Money; Availability of Money
Section 4-1605 - Covered County May Collect Charges From Borrowers
Section 4-1606 - Ordinance or Resolution to Issue Bonds
Section 4-1607 - Characteristics of Bonds