§ 4-1604. Power of covered county to borrow money; availability of money.
(a) Authorization.- To accomplish the purpose of this subtitle and notwithstanding any other law, a covered county may borrow money by issuing revenue bonds, notes, or other evidences of obligation.
(b) Availability of money.- Money under subsection (a) of this section shall be made available for residential mortgage loans to families of low or moderate income, only through mortgage lending institutions by:
(1) forward commitment mortgage purchase;
(2) existing mortgage purchase;
(3) loans to lenders;
(4) revolving mortgage fund; or
(5) any other means that the legislative body of the covered county considers appropriate.
§ 4-1604. Power of covered county to borrow money; availability of money.
(a) Authorization.- To accomplish the purpose of this subtitle and notwithstanding any other law, a covered county may borrow money by issuing revenue bonds, notes, or other evidences of obligation.
(b) Availability of money.- Money under subsection (a) of this section shall be made available for residential mortgage loans to families of low or moderate income, only through mortgage lending institutions by:
(1) forward commitment mortgage purchase;
(2) existing mortgage purchase;
(3) loans to lenders;
(4) revolving mortgage fund; or
(5) any other means that the legislative body of the covered county considers appropriate.
§ 4-1604. Power of covered county to borrow money; availability of money.
(a) Authorization.- To accomplish the purpose of this subtitle and notwithstanding any other law, a covered county may borrow money by issuing revenue bonds, notes, or other evidences of obligation.
(b) Availability of money.- Money under subsection (a) of this section shall be made available for residential mortgage loans to families of low or moderate income, only through mortgage lending institutions by:
(1) forward commitment mortgage purchase;
(2) existing mortgage purchase;
(3) loans to lenders;
(4) revolving mortgage fund; or
(5) any other means that the legislative body of the covered county considers appropriate.
