3504

LAWS OF MARYLAND

Ch. 749

(1) THE RECIPIENT OF THE LOAN, AND A BRIEF
DESCRIPTION OF THE PURPOSE OF THE LOAN.

(2) THE STREET ADDRESS AND A BRIEF DESCRIPTION OF
EACH PROPERTY ACQUIRED, CONSTRUCTED, REHABILITATED OR OTHERWISE
IMPROVED WITH THE PROCEEDS OF THE LOAN.

(3) THE AMOUNT OF EACH LOAN MADE.

(4) THE AMOUNT OF EACH LOAN GUARANTEED AND THE AMOUNT
OF RESERVE MAINTAINED FOR EACH GUARANTEE COMMITMENT.

(5) THE AMOUNT AND SOURCE OF ANY OTHER FUNDS
COMMITTED IN CONNECTION WITH THE LOAN.

(6) THE EXTENT OF MINORITY BUSINESS PARTICIPATION IN
THE PROCEEDS OF THE LOAN, DETERMINED IN ACCORDANCE WITH THE
STANDARDS, TERMS, AND CONDITIONS OF THE MINORITY BUSINESS
ENTERPRISE PROGRAM OF THE BOARD OF ESTIMATES OF BALTIMORE CITY.

(C) THE REPORT SHALL CONTAIN THE FOLLOWING INFORMATION

REGARDING EACH LOAN, MADE OR GUARANTEED AS DESCRIBED IN

SUBSECTION (A), IN CONNECTION WITH A PROPERTY, BUILDING, OR
STRUCTURE WHICH WITHIN 30 DAYS OF THE COMPLETION OF THE WORK
FINANCED IS TO BE OWNED OR OPERATED BY ANY AGENCY OR AUTHORITY OF
THE MAYOR AND CITY COUNCIL OF BALTIMORE:

(1)(7) WHETHER AND IN WHAT MANNER THE PROVISIONS OF
ARTICLE VI SECTION 4 OF" THE CITY CHARTER APPLIED TO THE LOAN.

(2) (8) WHETHER AND IN WHAT MANNER SECTIONS 19
THROUGH 27 INCLUSIVE OF THE BALTIMORE CITY CODE, "CONTRACTS -
HOURS AND WAGES," APPLIED TO THE LOAN.

(3) THE INFORMATION DESCRIBED IN PARAGRAPH (1)

THROUGH (6) OF SUBSECTION (B) OF THIS SECTION.

(D)(C) IN THIS SECTION, A LOAN "GUARANTEE" OR A LOAN
"GUARANTEED" SHALL INCLUDE INSURANCE OF A LOAN, OR A LOAN
INSURED.

(D) AT THE REQUEST OF ANY MEMBER OF THE BALTIMORE CITY
DELEGATION EITHER THE SPEAKER OF THE HOUSE AND THE PRESIDENT OF
THE SENATE OR THE JOINT BUDGET AND AUDIT COMMITTEE TO THE GENERAL
ASSEMBLY, THE LEGISLATIVE AUDITOR SHALL:

(1) EXAMINE, EVALUATE, AND AUDIT ANY REPORT MADE
UNDER THIS SECTION; AMD

(2) EXAMINE AND EVALUATE ANY LOAN OR LOAN GUARANTEE
FOR WHICH A REPORT IS NOT MADE IN ORDER TO DETERMINE IF A REPORT
SHOULD BE MADE FOR IT UNDER THIS SECTION.
(E) FAILURE TO FILE ANY REPORT REQUIRED BY THIS SECTION

DOES NOT AFFECT THE VALIDITY OF ANY BONDS OR OTHER OBLIGATIONS